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1. www.gov.uk › guidance › admitting-tax-fraud-theAdmit tax fraud to HMRC using the Contractual Disclosure ...

   www.gov.uk › guidance › admitting-tax-fraud-the

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   Nov 27, 2014 · This guide explains what you must do if HMRC suspects you of committing tax fraud and offers you a contract through the Contractual Disclosure Facility (CDF). It also explains what you should do...

2. www.gov.uk › government › publicationsMake a voluntary disclosure to HMRC - GOV.UK

   www.gov.uk › government › publications

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   Aug 29, 2024 · 1. The contractual disclosure facility. Use the contractual disclosure facility (CDF) if you want to make a disclosure because your deliberate behaviour has caused a loss to HMRC of any of the...

   • HMRC believes that customers want to pay the correct amount of tax. If you think you have not paid us the correct amount of tax, we want to help yo...
   • There are 3 different ways you can make a disclosure to us. You must make sure you understand the differences and select the one that’s correct for...
   • If you’ve considered the different ways to disclose and you think that the digital disclosure service is the most appropriate, follow these steps t...
   • How to calculate what you oweDepending on your circumstances this could be simple or complicated. You may want to get independent professional advi...
   • When to payWhen you pay, you’ll need a payment reference number. You’ll get one when you notify HMRC that you intend to make a disclosure.Unless yo...
   • Accepting your disclosureWe normally accept most disclosures. If, after checks, we’re satisfied that you’ve made a full disclosure, we’ll accept it...
   • Once you’ve submitted your disclosure, we expect you to keep your tax affairs in order in the future. This means that you should continue to accura...
   • Help and adviceCall these helplines if you have any questions that have not been covered by this guide.Disclosures with any offshore liabilitiesCal...

3. www.gov.uk › hmrcs-approach-to-tax-fraudHMRC’s approach to tax fraud - GOV.UK

   www.gov.uk › hmrcs-approach-to-tax-fraud

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   Dec 2, 2021 · While the majority of people abide by the law and pay their taxes, there are those who deliberately and dishonestly set out to defraud HMRC by evading tax, stealing public funds or cheating the...

4. www.protaxaccountant.co.uk › post › if-hmrcWhat Happens If HMRC Investigate You? | A Complete Guide

   www.protaxaccountant.co.uk › post › if-hmrc

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   Example: If you accidentally underreported your income by £5,000, and HMRC deems it a careless mistake, you could face a penalty of £750 to £1,500, in addition to the outstanding tax. Deliberate Underpayment: For deliberate underpayment, the penalties are much higher, ranging from 30% to 100% of the underpaid tax.

5. taxdisputes.co.uk › 2021 › 01Third party’s failure to file tax return does not discharge ...

   taxdisputes.co.uk › 2021 › 01

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   Jan 14, 2021 · What is a reasonable excuse? Schedule 55 provides that penalties do not arise where the taxpayer is able to show that they had a reasonable excuse for failing to comply with a tax requirement such as: Late filing of returns. Failing to make a payment on time. Failing to file online. Failing to notify chargeability.

6. www.accountingweb.co.uk › community › industryVoluntary disclosure: A quick guide - AccountingWEB

   www.accountingweb.co.uk › community › industry

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   Apr 14, 2022 · Any errors involving Income Tax, NI contributions, Corporation Tax or Capital Gains Tax can be reported via Voluntary Disclosure. How long do people have to fix any errors? Accidentally missing off a piece of information, putting in a wrong figure or not declaring the right amount of income is what the Digital Disclosure Service is designed for.

7. People also ask

   Are tax errors always as innocent as they seem?

   • Of course, sometimes tax errors aren’t always as innocent as they seem, which is why HMRC has tough measures in place to tackle tax evasion. The fact remains however that innocent or not, people must fess up sooner rather than later.

   Voluntary disclosure: A quick guide - AccountingWEB

   www.accountingweb.co.uk/community/industry-insights/voluntary-disclosure-a-quick-guide

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   What should I do if HMRC suspects a tax fraud?

   • Tell HMRC about any tax fraud you have been involved in. This guide explains what you must do if HMRC suspects you of committing tax fraud and offers you a contract through the Contractual Disclosure Facility (CDF). It also explains what you should do if you want to voluntarily admit to tax fraud.

   Admit tax fraud to HMRC using the Contractual Disclosure Facility

   www.gov.uk/guidance/admitting-tax-fraud-the-contractual-disclosure-facility-cdf

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   What happens if you miss a piece of tax information?

   • Accidentally missing off a piece of information, putting in a wrong figure or not declaring the right amount of income is what the Digital Disclosure Service is designed for. There’s then a limit of 90 days by which any outstanding tax must be paid by.

   Voluntary disclosure: A quick guide - AccountingWEB

   www.accountingweb.co.uk/community/industry-insights/voluntary-disclosure-a-quick-guide

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   What happens if HMRC writes to me about tax fraud?

   • The Code of Practice 9 (COP9) explains: If HMRC write to you because you’re suspected of committing a tax fraud, the letter will offer you a Contractual Disclosure Facility contract and will include: Under the Contractual Disclosure Facility, you have 2 options:

   Admit tax fraud to HMRC using the Contractual Disclosure Facility

   www.gov.uk/guidance/admitting-tax-fraud-the-contractual-disclosure-facility-cdf

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   What if my tax affairs are wrong?

   • HMRC believes that customers want to pay the correct amount of tax. If you think you have not paid us the correct amount of tax, we want to help you to put that right. It does not matter why your tax affairs are wrong. It’s better to contact us and admit any failures or errors rather than wait until we contact you.

   Make a voluntary disclosure to HMRC - GOV.UK

   www.gov.uk/government/publications/hmrc-your-guide-to-making-a-disclosure/your-guide-to-making-a-disclosure

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   What happens if I don't pay tax on my tax return?

   • These include late payment penalties arising because you failed to register at the right time or on tax paid late as a result of understating the tax due on your return. Individuals can use the HMRC calculator to help you calculate the interest and penalties due on the income you’re including in your disclosure.

   Make a voluntary disclosure to HMRC - GOV.UK

   www.gov.uk/government/publications/hmrc-your-guide-to-making-a-disclosure/your-guide-to-making-a-disclosure

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8. www.bbc.com › news › business-60144406Millions yet to file tax return as scammers circle - BBC

   www.bbc.com › news › business-60144406

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   The scams show fraudsters have piggy-backed on the fact that many people expect correspondence from HMRC at this time of year, given it sends out four million legitimate letters and texts,...