The Worldwide Disclosure Facility
A facility available to you in order to make a Voluntary Disclosure.
HMRC have today published on Facebook that they receive information from around 100 countries each year about overseas income that UK resident taxpayers have received .
Yes 100 countries! Incredible !
If you live in the UK you must declare your Worldwide income here from all overseas sources and this is normally Bank interest, rental income, property sales or trading!
If you have income from abroad – you should declare this.
The recent cases that we’ve dealt with include rental
income not declared in the South of Ireland, trading income from shop sales in Portugal, letting income in Spain and Tenerife and the sale of flats in Lithuania !
Nothing is off limits to
HMRC so call us for help as penalties for non- declaration of this income can be as much as 150% of any tax due, plus interest.
Interest rates are high now and the sooner you declare it you can cut the interest charges.
Call us now on 07879 464 577