Contact Us ▪ Introductory Meeting / Quote

Call: 0207 309 2222

  • Home
  • About JH
    • About Us
    • Trophy Cabinet
    • History
    • Talent & Careers
  • People
  • Services and Expertise
    • Key Services:
      • Personal Tax
      • Corporate Tax
        • Seed Enterprise Investment Scheme (SEIS)
        • Enterprise Investment Scheme (EIS)
        • Enterprise Management Incentive (EMI)
      • International Tax
      • Research and Development Tax Relief
      • Tax Investigations and Disclosures
        • Worldwide Disclosure Facility (WDF)
        • Undeclared Rental Income and the Let Property Campaign
      • VAT Advice and Compliance
      • Xero Training
      • Outsourced and Cloud Accounting
      • Payroll Services London
      • Tips, Services Charge, Tronc and Troncmaster Services
      • Independent Financial Advice
      • View All Services
    • Key Sectors:
      • Listed Companies – LSE & AIM
      • Restaurants and Hospitality
      • Specialist Food and Drink Accountants
      • Creative and Media
      • Artists and Art Galleries
      • Property
      • Technology
      • Medical and Healthcare
      • Retail
    • Key Goals:
      • Bounce Back Stronger post-COVID
      • Accelerate Business Growth
      • Outgrown Your Existing Accountant
      • Looking For A New Accountant
      • Starting a New Business
      • Listing a Business
      • Setting Up a Business in the UK
      • Expanding Overseas
    • View All
  • International
    • Setting Up in the UK
    • Expanding Overseas
  • #Trending
  • COVID-19

Contact Us ▪ Introductory Meeting / Quote

Call: 0207 309 2222

  • Home
  • About JH
    • About Us
    • Trophy Cabinet
    • History
    • Talent & Careers
  • People
  • Services and Expertise
    • Key Services:
      • Personal Tax
      • Corporate Tax
        • Seed Enterprise Investment Scheme (SEIS)
        • Enterprise Investment Scheme (EIS)
        • Enterprise Management Incentive (EMI)
      • International Tax
      • Research and Development Tax Relief
      • Tax Investigations and Disclosures
        • Worldwide Disclosure Facility (WDF)
        • Undeclared Rental Income and the Let Property Campaign
      • VAT Advice and Compliance
      • Xero Training
      • Outsourced and Cloud Accounting
      • Payroll Services London
      • Tips, Services Charge, Tronc and Troncmaster Services
      • Independent Financial Advice
      • View All Services
    • Key Sectors:
      • Listed Companies – LSE & AIM
      • Restaurants and Hospitality
      • Specialist Food and Drink Accountants
      • Creative and Media
      • Artists and Art Galleries
      • Property
      • Technology
      • Medical and Healthcare
      • Retail
    • Key Goals:
      • Bounce Back Stronger post-COVID
      • Accelerate Business Growth
      • Outgrown Your Existing Accountant
      • Looking For A New Accountant
      • Starting a New Business
      • Listing a Business
      • Setting Up a Business in the UK
      • Expanding Overseas
    • View All
  • International
    • Setting Up in the UK
    • Expanding Overseas
  • #Trending
  • COVID-19

  • Home
  • About JH
    • About Us
    • Trophy Cabinet
    • History
    • Talent & Careers
  • People
  • Services and Expertise
    • Key Services:
      • Personal Tax
      • Corporate Tax
        • Seed Enterprise Investment Scheme (SEIS)
        • Enterprise Investment Scheme (EIS)
        • Enterprise Management Incentive (EMI)
      • International Tax
      • Research and Development Tax Relief
      • Tax Investigations and Disclosures
        • Worldwide Disclosure Facility (WDF)
        • Undeclared Rental Income and the Let Property Campaign
      • VAT Advice and Compliance
      • Xero Training
      • Outsourced and Cloud Accounting
      • Payroll Services London
      • Tips, Services Charge, Tronc and Troncmaster Services
      • Independent Financial Advice
      • View All Services
    • Key Sectors:
      • Listed Companies – LSE & AIM
      • Restaurants and Hospitality
      • Specialist Food and Drink Accountants
      • Creative and Media
      • Artists and Art Galleries
      • Property
      • Technology
      • Medical and Healthcare
      • Retail
    • Key Goals:
      • Bounce Back Stronger post-COVID
      • Accelerate Business Growth
      • Outgrown Your Existing Accountant
      • Looking For A New Accountant
      • Starting a New Business
      • Listing a Business
      • Setting Up a Business in the UK
      • Expanding Overseas
    • View All
  • International
    • Setting Up in the UK
    • Expanding Overseas
  • #Trending
  • COVID-19

  • Home
  • About JH
  • People
  • Key Services
  • International
  • #Trending
  • Contact Us
  • Introductory Meeting / Quote
  • Directions To Our Office [Google Maps]
  • Request a Call Back / Message Us

  • Home
  • About JH
  • People
  • Key Services
  • International
  • #Trending
  • Contact Us
  • Introductory Meeting / Quote
  • Directions To Our Office [Google Maps]
  • Request a Call Back / Message Us
HOME / KNOWLEDGE / Certificate of Tax Position – Nudge Letters

Certificate of Tax Position – Nudge Letters

Certificate of Tax Position

Letter from HMRC prompting UK residents with undisclosed offshore income or assets to disclose under the Worldwide Disclosure Facility.

Certificate of Tax Position

In recent months, HMRC has issued ‘nudge letters’ to UK individuals with potential tax liabilities on overseas income and gains.

Following the receipt of financial information under the Common Reporting Standard (CRS), HMRC has issued letters to these individuals stating that information now in HMRC’s possession indicates that they may have received foreign income and/or gains which could be taxable in the UK.

“We have information which shows that you may have received overseas income or gains which is taxable in the UK,” the letters say. “We have received this information through the UK’s tax information exchange agreements with other countries. It is your responsibility to tell us about your UK tax liabilities from offshore income or gains anywhere in the world.”

Attached to the letters is a ‘Certificate of Tax Position’. This instructs individuals to sign a statement that either their tax affairs need to be brought up to date through the Worldwide Disclosure Facility (WDF), or they have declared all their income and gains.

The Worldwide Disclosure Facility (WDF) allows those with undisclosed offshore money, gains, investments or assets to settle and regularise their tax affairs with HMRC, but unlike other voluntary disclosure arrangements, will offer no favourable terms or lower penalties.

INDIA

Between August 2020 and December 2020, HMRC issued “nudge letters” to UK residents with potential tax liabilities on overseas income or gains, prompting them to make a disclosure under the Worldwide Disclosure Facility (WDF).

This latest batch of letters specifically targets UK residents with a financial connection to India, such as those that hold a high-yield rupee fixed deposit account or a NRI/NRO/NRE accounts. In most cases, UK residents are subject to UK taxation on their worldwide assets, including overseas bank interest.

Attached to the letters is a ‘Certificate of Tax Position’. This instructs individuals to sign a statement stating that either their tax affairs need to be brought up to date through the Worldwide Disclosure Facility (WDF), or they have correctly declared all their worldwide income and gains. the consequence of making an incorrect Certificate of Tax Position declaration could be severe.

Common Reporting Standard

The Common Reporting Standard (CRS) is an international agreement involving the UK and over 100 countries including countries in the European Union, China, India, Hong Kong and Russia. It allows for the exchange of information between jurisdictions about financial accounts and investments to help stop tax evasion.

Overseas financial institutions, for example, banks, insurance companies, investment companies, will provide information on UK residents with financial accounts and investments outside the UK which will be passed to HMRC.

Certificate of Tax Position

OUR EXPERIENCE

Jeffreys Henry LLP has significant experience in dealing with HMRC investigations and disclosures, including the current WDF (opened on 5 September 2016) and previous the Liechtenstein Disclosure Facility (closed in 31 December 2015).

  • Over 100 years of combined experience dealing with Inland Revenue/HMRC tax investigations
  • Manage the full process on your behalf or advise you on the best strategy to approach
  • Minimise potential penalties and interest
  • Negotiate affordable repayment terms
  • Cost effective, fixed and capped fee arrangements
  • A Top 60 UK accountancy firm (ranked by UK fee income)
  • ICAEW regulated firm of Chartered Accountants
  • Hindi, Punjabi and Gujarati speaking tax advisers

INTRODUCTORY MEETING

CONTACT US TO ARRANGE AN INTRODUCTORY MEETING, OR FOR A QUOTE.

Ian Leigh - Worldwide Disclosure Facility

IAN LEIGH

Tax Partner


Ian is a Chartered Accountant who has specialised in tax since 1985. Ian advises owner managed businesses, public companies, private clients and trusts on the broad range of taxes and has extensive experience of international tax, domicile and residence issues. Ian also has significant experience in dealing with HMRC tax investigations and disputes including Section 9A enquires, the Worldwide Disclosure Facility Code of Practice 9 and the Contractual Disclosure Facility.
Worldwide Disclosure Facility - Andrew Lewis

ANDREW LEWIS

Tax Manager


Andrew manages the firms personal tax department, including a portfolio of personal tax clients such as High Net Worth Individuals, Self Employed, Directors, Landlords, Non-Residents and Partnerships. Andrew also has significant experience in dealing with HMRC tax investigations and disputes including Section 9A enquires, the Worldwide Disclosure Facility (WDF), Code of Practice 9 and the Contractual Disclosure Facility.

RELATED NEWS

25 March 2021

Changes to IR35 from April 2021

Changes in IR35 rules from 2021 will mean employees, but through their own Personal Service Company (PSC), pay the same Income Tax and National Insurance contributions as other employees. From April 2021, businesses will have the responsibility of deciding whether the employment taxes and National Insurance contributions should be deducted.

Read More

25 February 2021

HMRC’s Worldwide Disclosure Facility and its link to Italy

HMRC have began issuing “nudge letters” to UK residents with a financial connection to Italy and potential tax liabilities on overseas income or gains, prompting them to make a disclosure under the Worldwide Disclosure Facility (WDF).

Read More
HMRC has launched an advertising campaign warning individuals to declare all their income before it's too late.

16 December 2020

HMRC collects £34m in penalties after resuming tax investigations

HMRC collected £34 million in penalties in September 2020, an increase of 62% from a low of £21m in May, after resuming tax investigations. After temporarily […]

Read More

27 October 2020

HMRC issue ATED nudge letters

Earlier this month (October 2020), HMRC issued “nudge letters” to the corporate owners of high value UK property with outstanding ATED (Annual Tax on Enveloped Dwellings) returns.

Read More
UK India Worldwide Disclosure Facility (WDF) HMRC Letter

5 October 2020

HMRC prompts UK residents with a financial connection to India to disclose under the WDF

HMRC are targeting UK residents that hold NRI/NRO/NRE bank accounts in India. Attached is a Certificate of Tax Position prompting those with undeclared assets in India to declare under the Worldwide Disclosure Facility (WDF).

Read More

5 October 2020

Airbnb pays additional £1.8m UK tax after investigation

Airbnb have paid an extra £1.8m in UK tax following a HMRC investigation, in addition to a £1.1m tax bill paid on profits of £5.6m by Airbnb UK in 2019.

Read More
hmrc-targets-tenants-overseas-landlords-rental-property-tax-nrl-non-residential

11 December 2019

HMRC target tenants of overseas landlords

What are HMRC doing? HM Revenue & Customs have launched an investigation into overseas landlords who may be avoiding paying the correct amount of tax. Owners […]

Read More
Certificate of Tax Position

9 October 2019

HMRC TARGETS NON-RESIDENT LANDLORDS WITH UNDECLARED RENTAL INCOME

Throughout 2018 and 2019, HMRC sent the large batch of ‘Let Property Campaign’ letters to landlords and other Buy-to-Let investors with undeclared rental income. This wave […]

Read More

12 August 2019

HMRC targets UK cryptocurrency investors

UK investors in Bitcoin and other cryptocurrencies are being warned to check whether they are liable for Capital Gains Tax (“CGT”). It has been reported that […]

Read More
Prompted Let Property Campaign Letter

29 July 2019

16,000 landlords disclose under the Let Property Campaign

Thousands of landlords with undeclared rental income have used the Let Property Campaign to come forward and regularise their tax affairs on favourable terms. An analysis […]

Read More
Share
Bhimal Hira
Bhimal Hira

020 7309 2222

Request a Call Back
Email Us / Find Us


Not ready to speak?
Follow Us:


  • About Us
  • Your Specialist Team
  • View All Services
  • View All Sectors
  • #Trending
  • Client Testimonials
  • Careers [We’re Hiring]
  • JeffreysHenry.Cloud
  • Employee Login
  • Pay Invoice Online via GoCardless
  • Transparency Report
  • COVID-19 (Coronavirus) – Important Information & Advice for Clients
ICAEW London Chartered Accountants

  • Terms and Conditions
  • Privacy Statement
  • GDPR Statement
We use cookies to help us to improve your browsing experience and understand how people use our website. By continuing to browse our website you are agreeing to our use of cookies.

Jeffreys Henry LLP is a Limited Liability Partnership registered in England and Wales with registered number OC306971 and registered at Finsgate, 5-7 Cranwood Street, London, EC1V 9EE. Registered to carry out audit work in the UK by the Institute of Chartered Accountants in England and Wales and for a range of investment business activities. Details about our audit registration can be viewed at www.auditregister.org.uk under reference number C001108797. A list of Partners’ names is available at the above address. © Jeffreys Henry LLP 2021. All rights reserved.