Tax Disclosure Campaigns
HMRC's Tax Disclosure Campaigns are short-lived tailored Voluntary Disclosure opportunities aimed at specific groups of taxpayers. During the Campaign window targeted taxpayers can make a full Disclosure of tax irregularities using a simplified method.
The targeted groups change on a rolling basis. Each Tax Disclosure Campaign typically lasts around 6-18 months. Campaigns are a simplified way of making Tax Disclosures, and paying the under-declared tax. Penalties are charged at a reduced level, and there is a guarantee of non-prosecution - as long as a full Disclosure is made under the terms of the Campaign. Typically HM Revenue & Customs are only looking back 6 years. But they can go back 20 years in cases of deliberate tax fraud.
HMRC choose their target groups, then gather information and intelligence that can be used to encourage and influence that group to come forward. Once a Campaign closes, HMRC then uses that same information and intelligence to follow up with enforcement interventions. That can include Criminal Investigations - aimed at those who choose not to confess under the Campaign terms.
To date the various Tax Disclosure Campaigns have produced a yield of over a £billion of tax, interest and penalties - from accepted voluntary disclosures, and from follow up Tax Investigations. There have been 10's of thousands of completed cases. HMRC Enquiries into false Disclosures, and into people who did not register for the Campaigns, have led to a number of criminal convictions for Cheating the Public Revenue - as part of the taxman's follow up activity.
There are currently 4 Campaigns running:
- Let Property Campaign (for landlords);
- Worldwide Disclosure Facility (for people with offshore investments, bank accounts, property, trusts, companies etc).
- Offshore Companies Owning UK Property: for the company and it's directors and shareholders.
- Electronic Sales Suppression: for users; makers; or promoters of tools used to artificially alter electronic sales records (e.g. in tills).
New Campaigns are launched on a rolling basis. Lynam Tax Disclosure Experts will keep you updated regarding the latest initiatives on their Tax Investigation News page.
How can Lynam Tax Disclosure Specialists help me?
If you are in a sector targeted by an HMRC Disclosure Campaign you may need assistance with your Disclosure. In any event, if you have any irregularities in your tax affairs you could benefit from our expert help. Lynam Tax Enquiry Experts have enormous experience of Tax Investigations and Tax Disclosures: and are ready to help you wipe your slate clean on the best possible terms.
For a confidential and free initial discussion phone now:
Paul Lynam: 0845 643 9997
Andrew Nutbrown: 07718 778710
Lynam Tax Enquiry Experts HELP ME?
- Offshore Bank Disclosures
- Contractual Disclosure Facility/ COP9
- Appeals / Tribunal Hearings
- Worldwide Disclosure Facility: Tax Amnesty
- Fraud Investigation Service
- Rental Income Tax Enquiry
- Business Tax Enquiry
We specialise in managing all Tax Enquiry, Tax Disclosures & Tax Disputes with HMRC.
We will help you throughout the Tax Investigation or Disclosure and save you money, so you can concentrate on running your business and enjoying your private life.
For a helpful, sympathetic, confidential and no obligation discussion: