HMRC ‘Customers’ have until September 2018 to use HMRC’s WDF to bring their offshore tax affairs up to date. Failure to make a disclosure and pay tax liabilities could lead to tougher penalties or a civil or criminal investigation.
HMRC is developing a webinar aimed at providing agents with a clearer understanding of the technical aspects of the WDF, to enable a complete and correct disclosure to be made. HMRC expects the webinar to available from early Summer 2017.
Read HMRC Guidance Worldwide Disclosure Facility: make a disclosure.