Making voluntary disclosures

HMRC has added a new section on the contractual disclosure facility (CDF) to its guidance How to make a voluntary disclosure to HMRC.

The new CDF section is aimed at taxpayers who have deliberate behaviour to disclose. Taxpayers can ask to enter the CDF if their deliberate behaviour has brought about a loss in any of the taxes, duties or payments administered by HMRC, including those covered by HMRC’s Code of Practice 9.

The CDF is a contract that gives taxpayers the assurance that, in return for full disclosure, HMRC will not carry out a criminal investigation into the deliberate behaviour disclosed.