Voluntary tax disclosure accountants: put things right with HMRC

Put your tax affairs right, before HMRC asks

If you have undeclared rental income, self-employed earnings, overseas income, crypto or a capital gain you never reported, you are far from alone. HMRC’s own guidance says it is better to admit errors yourself than wait for HMRC to make contact, and penalties are usually lower if you do (see HMRC’s guide to making a disclosure).

We are Chartered Certified Accountants who handle voluntary disclosures from start to finish: choosing the right route, rebuilding your figures, calculating the tax, interest and penalty, and dealing with HMRC for you.

How a disclosure works

1. Notify HMRC that you intend to disclose; no figures are needed yet.
2. Work out what you owe for each year, using records or reasonable estimates.
3. Add interest and the penalty, which you calculate yourself.
4. Disclose and pay within 90 days, or agree a payment arrangement first.
5. HMRC accepts your offer, which becomes a binding agreement.

Deliberate behaviour

Where tax was lost deliberately, the Contractual Disclosure Facility is the only route that gives assurance of no criminal investigation, provided the disclosure is complete and accurate. Speak to us before contacting HMRC.

Contact us now for a free, confidential consultation and we will look into your tax affairs and sort this out. Call 0161 531 4179, email enquiries@wingateaccountants.co.uk or message us on WhatsApp.