Worldwide Disclosure Facility
If you have overseas income, gains or assets that should have been reported to HMRC, the Worldwide Disclosure Facility lets you come forward and put things right on your own terms. Disclosing before HMRC contacts you is usually far better than waiting.
Who this is for
- People with unreported overseas income, rent, interest or gains
- UK residents with foreign bank accounts or property they have not reported
- People who have received an HMRC letter about offshore matters
- New residents who realise they should have been reporting overseas income
What we cover
Establishing the facts
Working out what was not reported, for which years and how much tax is involved.
Notifying HMRC
Registering your intention to disclose, which starts the time limit for making a full disclosure.
The full disclosure
Preparing accurate figures for every year affected, with supporting evidence.
Penalties
Putting forward the strongest case for reduced penalties and dealing with HMRC on your behalf.
Putting things right going forward
Making sure future returns are complete so the problem does not recur.
How it works
- 1
Confidential consultation
We listen, explain your options and confirm whether the facility is appropriate.
- 2
Review the years involved
We reconstruct the income and gains and calculate the tax.
- 3
Notify and disclose
We submit the notification and the full disclosure to HMRC.
- 4
Settle
We negotiate the penalty position and agree the settlement with HMRC.
Frequently asked questions
What is the Worldwide Disclosure Facility?
It is an HMRC facility that allows you to disclose offshore tax non-compliance, such as unreported overseas income, gains or assets, and settle the tax and penalties.
Is it better to disclose before HMRC contacts me?
Yes. Penalties are generally lower where you disclose voluntarily and fully, before HMRC opens an enquiry.
How long do I have to complete the disclosure?
After you notify HMRC of your intention to disclose, you are normally given a fixed period, currently 90 days, to submit the full disclosure.
Is this confidential?
Yes. Your conversations with us are confidential and we only act for you.
This page is general information, not personal tax advice. Rules change and your circumstances matter, so please speak to us before acting.
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