Tax amnesties to date
Opportunities, initiatives, facilities or plans, call them what you will: these are the offers that HMRC has made to taxpayers to come clean and bring their outstanding tax affairs up to date over the last few years.
Note that anyone can come forward on a voluntary basis, in many cases a 10% penalty will apply.
Call our Virtual Tax Partner helpline for expert assistance in making disclosures and negotiating penalties.
|
Name |
Starts |
Ends |
Offer |
| 3 July 2012 | 2 October 2012 | 0% penalties for higher rate taxpayers | |
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|
14 March 2012 |
14 September 2012 |
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|
14 February 2012 |
14 August 2012 |
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|
| Contractural Disclosure Opportunity | 31 January 2012 | Ongoing policy | All new cases under COP9 (serious fraud) given a 60 day opportunity to come clean and suffer lower penalties |
|
10 October 2011 |
Notify by 6 January 2012 Disclose by March 2012 |
10% of the tax due No penalty at all for 2008/9 & 2009/10 |
|
|
5 July 2011 |
Notify by 30 September Disclose by December 2011 |
0% penalty if you should have registered in last 12 months, or 10% on other late registrations |
|
|
March 2011 |
31 Aug 2011 |
10% of the tax due No penalty at all for 2008/9 & 2009/10
|
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|
Dec 2009 |
June 2010 |
10% penalty on undeclared income |
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|
Sept 2009 |
March 2015 |
10% penalty on undeclared income |
|
|
Offshore Campaign – “New” disclosure Facility (NDO) |
Aug 2009 |
March 2010 |
10% penalty on undeclared income, unless should have declared under first opportunity |
|
Offshore Disclosure Facility (ODF) |
2007 |
2008 |
10% penalty on undeclared income |
