HM Revenue & Customs (“HMRC”) and other tax authorities across the world are increasing their focus on the tax gap and putting tax transparency at the top of their agenda. Tax compliance is more critical than ever. If you think you or your clients may not be completely compliant, the message is clear - tell HMRC or face increasingly severe consequences.
Whether you are an individual, a company or a trustee, if you need someone to review your tax position, make a voluntary disclosure, advise you through an investigation or support you in the event that criminal charges are threatened, we can advise.
Those with complex international tax affairs, are being invited to review their affairs and tell HMRC of any mistakes if necessary. Many people are responding, prompted by:
1. The continuously changing and increasingly complex UK tax legislation
2. Increased global tax transparency means HMRC will have more data about you than ever before
3. Last opportunity to come forward to HMRC
4. Higher cost of getting it wrong
|Tax health check||Disclose if necessary|
||There are several ways to approach HMRC, for example:
|We have undertaken many health checks for all types of clients and have relevant and varied international tax experience. Our global network is at your disposal and you can access PwC Legal if required.||
For details on any of these approaches, please contact us. We identify the most appropriate and cost effective way of disclosing.