HMRC is improving guidance for the Worldwide Disclosure Facility (WDF)

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.

https://www.gov.uk/guidance/worldwide-disclosure-facility-make-a-disclosure

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