Client Story: Voluntary Disclosure

We were approached by an individual who had been working for himself for over 10 years and who had never declared his income to HMRC.

He had not got round to registering for tax when he first set up in business and after a couple of years where he had not had time to register he became afraid that he was going to be prosecuted by the Inland Revenue.

He then spent the next 8 years dreading the brown envelopes dropping on his letter box.

Gilbert Tax were successful in bringing the whole matter to a conclusion for him within 6 months with a tax bill significantly less then the client was expecting.

In addition as the tax evasion had been disclosed voluntarily to HMCR the level of penalty charges was the lowest possible in the circumstances saving our client a significant sum in penalty reduction.