It has been speculated for some time that the Inland Revenue would offer a new tax amnesty. This was confirmed in the 2009 budget statement where the latest tax amnesty has been titled the New Disclosure Opportunity.
The speculation about the New Disclosure Opportunity (tax amnesty) is that it will be similar to the last tax amnesty but with higher penalties.
Various information about the last tax amnesty, as well as any written on the New Disclosure Opportunity, can be found on our tax amnesty articles page. It is believed that the penalty will be higher in this tax amnesty as it is seen to be unfair by the Inland Revenue investigators to offer the same terms to those who came forward when asked the first time. Those who take part in the latest tax amnesty are probably seen as reluctant participants by the Inland Revenue.
One of the reasons that the last tax amnesty was a failure in the eyes of the tax investigation professionals was the lack of publicity given by the Inland Revenue, to the fact that there was a tax amnesty.
Failure to use the information that the Inland Revenue obtained from the banks prior to the last tax amnesty is also a criticism levelled at the tax man.
As the budget also contained the proposals to both name and shame people caught committing tax fraud and to subject these same people to an increased level of tax scrutiny for five years after a tax investigation this suggests that the latest tax amnesty may be publicised as the last chance for people who have not paid their taxes to come forward.
As details about the tax amnesty (New Disclosure Initiative) become available further information and articles will be published in our tax amnesty articles pages.
Gilbert Tax specialise in helping people who have committed a tax fraud or tax evasion and who need help disclosing this to the Inland Revenue in such a way as to minimise their liabilities as far as possible.
Gilbert Tax helped hundreds of people through the perils and pitfalls of the last tax amnesty. For further information about how we can help you in the current tax amnesty (new disclosure opportunity) call us for a confidential free discussion on 0800 734 3333.
- Are non- judgemental.
- Rigorously defend your position within the scope and parameters of the law.
- Take control of the investigation.
- Focus on working towards the most cost effective and efficient way to achieve the closure of the tax investigation.
- Encourage you to concentrate on your business and leave dealing with the Inland Revenue to us.
- Pride ourselves on caring vehemently about our clients and that they are treated justly and fairly within the scope of the law
Between the 6 partners and 2 members of staff Gilbert Tax has over 90 years’ experience of tax investigations from both working for HMRC and spending significant time in top accountancy firms tax investigation teams defending businesses subject to Inland Revenue Investigations. Gilbert Tax offer a unique blend of relevant experience at affordable prices.
We believe in giving value for money and outstanding client service and we have saved tax, interest and penalties for our clients.
For a private discussion about how we can resolve your tax investigation and potentially save you money contact us at any time using the detail below. Our initial discussion will be undertaken without charge. Although based in the North of England we have clients all over the country.
