Worldwide Disclosure Facility for expats

Keeping you up to date with HMRC

Our Worldwide Disclosure Facility services are designed to bring your tax affairs up to date with HMRC.

WORLDWIDE DISCLOSURE FACILITY

Our disclosure service provides you with the opportunity to bring your tax affairs up to date with HMRC on the best possible terms.

If you have undisclosed incomes, GTC can manage all matters relating to the disclosure including notifying HMRC, making a formal offer to HMRC and negotiating a settlement with HMRC.

Rental income

GTC can report the undeclared rental income and assist with penalty mitigation via the let property campaign facility.

Offshore income

GTC can report the undeclared foreign income and assist with penalty mitigation via the Worldwide Disclosure Facility.

WHO NEEDS THIS SERVICE?

We recommend this service for expats with undeclared incomes such as:

Expats living in the UK who have undeclared foreign income.

Expats living overseas who have undeclared UK rental income.

GTC are here to provide you with quality tax preparation services and personalised consultations tailored to your unique needs.

Whether you’re an expat looking for expert guidance to reduce your UK tax exposure, manage your UK tax obligations and mitigate dual taxation we’ve got you covered.

Complete this form and a GTC advisor will be in touch to guide you through the next steps.

DISCLOSURE FAQs

Why should I make a disclosure?


If you have failed to disclose income and/or gains to HMRC in the past (onshore or offshore), you can make a disclosure via the WDF process to bring your tax affairs up to date and settle the outstanding tax bill. If you voluntarily come forward, you’ll have greater scope to reduce penalties levied on your tax account.

I am non-resident and my rental income is less than £12,570, do I need to make a disclosure?


If your net profits are more than £2,500, you are required to report the profits to HMRC, irrespective of whether tax is payable or not.

I am non-domiciled and I have foreign incomes, do I need to make a disclosure?

If your foreign incomes are £2,000 or more, you are required to report the incomes to HMRC. If your foreign incomes are less than £2,000, you are not required to report the incomes to HMRC if the incomes will be kept offshore.

If you have suffered tax overseas, you may be eligible for a credit to reduce your tax burden in the UK. We will review the applicable international tax law and claim the credit as necessary.

What % of penalties are levied?


Penalties range from 0% – 200% and depend on the following factors:

– the tax year that the undisclosed income relates to; and
– whether the undisclosed income is onshore or offshore; and
– the nature of the error (careless or deliberate or deliberate and concealed); and
– the quality of the disclosure.

What are GTC’s disclosure fees?


Our minimum disclosure fee is £1,000 which includes submission of the disclosure, a letter outlining the position for HMRC and HMRC representation to agree a settlement on your behalf.

Our fees are disclosed in our engagement letter and scope of services and you will only be charged if you decide to proceed with our services.

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