Offshore Tax Disclosure

A number of Memorandums of Understanding (MoU) have been signed with individual countries to allow financial information of UK residents to be shared with HM Revenue and Customs (HMRC). The MoU includes special terms and conditions that allow UK residents with undeclared offshore assets, income or gains to settle and regularise their tax affairs with HMRC on favourable terms. 

  • Offshore tax disclosure
  • Cayman Islands Tax Disclosure
  • Liechtenstein Disclosure Facility (LDF)
  • Isle of Man Disclosure Facility (IoMDF)
  • Jersey Disclosure Facility (JDF)
  • Guernsey Disclosure Facility (GDF)
  • Swiss/UK tax agreement

We strongly recommend any UK residents with undeclared offshore assets, income or gains to settle and regularise their tax affairs as soon as possible.

Tax evaders can face fines of up to 200% of the tax owned and the possibility of a criminal prosecution. Moreover, the Liechtenstein Disclosure Facility (LDF) and other voluntary disclosure schemes provide a beneficial opportunity to settle on favourable terms however it cannot be used once an individual has been notified by HMRC that they are ‘under investigation’. 

How we can help

  • We have over 100 years of combined experience dealing with offshore tax investigations and voluntary disclosures
  • We can manage the full process on your behalf or advise you on the best strategy to adopt
  • Negotiate affordable repayment terms with HMRC
  • Cost effective, fixed and capped fee arrangements

Confidential advice - Contact us

For further information, or to arrange a free, confidential consultation, please telephone Ian Leigh on 0207 309 2222.

 Offshore tax disclosure