Voluntary Disclosures

HMRC offers a voluntary disclosure option to rectify a situation where a business or individual has underpaid tax unintentionally or deliberately. This will be viewed more favourably by the HMRC than a situation where they discover the irregularities themselves. The HMRC will regularly identify groups to target and provide opportunities to compel them to come forward and put their tax affairs in order. This includes groups with undeclared offshore assets as well as targeting specific lines of work. The implications of a voluntary disclosure require careful consideration, particularly ahead of the introduction of a new offence of corporate failure to prevent tax evasion which is in part based on the commission – and not necessarily conviction - of tax offences by individuals.  We provide expert guidance on tax issues, avoidance rules and regulatory requirements for individuals and businesses for those facing allegations, and those seeking guidance on best practice.

Bright Line Law is highly regarded as a specialist provider, winning the Financial Times Innovative Lawyers of 2017 award, as well as being Top Ranked within the UK Bar Chambers for 2018 and 2019. Bright Line Law is a specialist provider in this area, contact a member of our team, call us on + 44 (0)203 709 9470, or fill in our online enquiry form.

Jonathan Fisher QC
Lead Counsel

Email jf@brightlinelaw.co.uk
Telephone + 020 3872 2852

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