The following Personal Tax guidance note by Tolley in association with Guy Smith of inTAX Ltd provides comprehensive and up to date tax information covering:
HMRC offers disclosure opportunities via campaigns for people to voluntarily put their tax affairs in order and become compliant.
Campaigns do this by:
Campaign activity, including details of the formal powers used, is covered in the HMRC campaigns - introduction guidance note. How to handle a campaign in practical terms is covered in the HMRC campaigns in practice guidance note.
The client wants to make a disclosure. Where should you (as the agent) start? The objective should be to obtain as much background information as possible concerning the disclosure, with particular regard to the behaviour of the client which caused the error.
This is an important first step because the behaviour will determine how many years HMRC will expect to see included as part of the disclosure and the level of penalty chargeable.
HMRC considers four different levels of behaviour in these circumstances, namel
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