Do you have overseas income or gains? Are you sure they’ve been disclosed properly to HMRC? If you need advice, want to make a voluntary disclosure or respond to a ‘nudge’ letter from HMRC, we can support you with how to move forward. 

Read our FAQs on regularising offshore matters with HMRC

Call now on +44 (0)20 7728 2382 for immediate assistance with regularising your tax position with HMRC. Disclaimer: This is not the HMRC helpline. 

Alternatively, complete the form below and our team will contact you.

 

How we can help 

Our team includes tax professionals and former senior HMRC inspectors, who have invaluable experience on “both sides of the fence”. This allows us to undertake a pragmatic review of your circumstances and advise you on the best route forward. 

We have supported many clients in regularising their offshore positions with HMRC and have experience in helping them manage their tax position effectively and mitigating exposure to additional tax, penalties or interest due to HMRC.

Our experience in offshore compliance matters also enables us to engage constructively with HMRC to achieve efficient and fair outcomes.

  • We provide clear, practical advice on the steps required to resolve your offshore tax position with HMRC
  • We represent you in all communications with HMRC.
  • We commit to delivering a high-quality, responsive service

Your FAQ’s answered

HMRC doesn’t issue nudge letters randomly.If you have received one, it’s because HMRC believes they have information which suggests you may have failed to accurately declare your offshore income and gains in the UK.

HMRC receives information from a wide range of sources. This includes information under the Common Reporting Standard, where financial institutions in over 100 jurisdictions exchange information on financial accounts, as well as a wealth of other data. HMRC will receive data on bank accounts UK residents have overseas and use their sophisticated technology and AI to determine whether the tax affairs of the individual are up to date. 

Where HMRC receives information that it considers inconsistent with the entries on an individual’s tax return, HMRC will want to understand the discrepancy. However, on occasions, rather than investigating immediately, HMRC will sometimes issue a nudge letter and provide taxpayers with an opportunity to correct their tax affairs voluntarily.  

If you do not respond, HMRC is likely to open an enquiry or issue an information notice requiring you to provide information. Even where your tax affairs are in order, this can be stressful and time-consuming. We recommend responding to HMRC, but the right response will depend on your circumstances. Specialist advice can help manage risk and avoid the process becoming protracted. Trying to deal with matters without proper advice can be risky, particularly if you are asked to sign HMRC’s Certificate of Tax Position without fully understanding its implications.

If you do need to make a disclosure, you must first register your intention to make one. We strongly advise speaking to an expert before registering because for some people, despite receiving a nudge letter that specifically mentions the Worldwide Disclosure Facility, other disclosure facilities may be more appropriate, for example where tax fraud may be evident then the Contractual Disclosure Facility may be more appropriate. 

By making an unprompted disclosure, eg, making a disclosure when you haven’t received a nudge letter, you’ll secure a lower financial penalty and potentially, not pay a penalty at all.

Given the amount of information now available to HMRC, anyone failing to declare the full extent of their offshore income and gains should expect to receive a nudge letter at some point in the future. Consequently, making a voluntary disclosure is an extremely attractive proposition and our experts would be pleased to guide you through the process.

There are various factors to consider when making a disclosure, such as the amount of information to include, the number of years or accounting periods to disclose, the level of penalty to self-assess, as well as a computation of the additional tax and interest due.

This is a complex area that you need to get right, otherwise HMRC will not accept the disclosure and instead, may commence an investigation. There is a great deal to consider, and our experts have years of experience in ensuring that disclosures are accepted by HMRC, without clients paying more than what is owed to HMRC.