What is the Digital Disclosure Service?

What is the Digital Disclosure Service? The system is worth its weight in gold for those wanting to declare unpaid tax of any level and get their affairs up to date and have a clean sheet going forward. Exceptions are below as there exists more specialised services to declare these. 

This is an online service available to anyone who wishes to come forward and volunteer in areas where they have understated their tax liabilities. However it does not apply to people who can use different HMRC online facilities to declare for example :-

Offshore income or gains (as they use a similar online system called the Worldwide Disclosure Facility) , or those who are eligible to take part in the Let Property Campaign where they need to declare omitted rental income or capital gains.

More seriously, the Contractual Disclosure Facility is available for those wishing to make  full disclosure of suspected serious fraud or deliberate evasion of tax and wish to obtain a guarantee of no prosecution. 

So is HMRC’s catch all facility for you? I call it the voluntary disclosure scheme and there are benefits in using this one of which is a reduced penalty for coming forward before HMRC have written to you or raised an enquiry. 

Call Lindsay now, if you are losing sleep about having sent in an inaccurate tax return or not advised HMRC at all of your self-employment. It’s easy to register and we have plenty of time to pull together the figures and make the disclosure to give you peace of mind and hopefully prosperity going forward with us to hold your hand.