HMRC’s 3-legged race: Manx Disclosure Facility

HMRC has recently announced a new disclosure facility for individuals who have unpaid taxes connected with the Isle of Man.

This new facility commences from 6 April 2013 and runs until 30 September 2016. It also has some of the beneficial terms of HMRC’s Liechtenstein Disclosure Facility (LDF); namely a limited disclosure period and reduced penalties.

However, there is no immunity from prosecution for the tax offence and individuals who are currently under enquiry (even by a local office) are not eligible to participate.

Individuals who have unpaid taxes via an Isle of Man financial institution need to carefully consider whether this disclosure facility is the most appropriate for their circumstances and affords them all the protection they require.

For further information on this facility, please contact us.

NICOLA HALL

BILSHAN MENSAH

Sam Inkersole

In 2022, Sam won the Taxation’s Rising Star award at the Taxation Awards in and was named in the Accountancy Age 35 Under 35.

Jon Wedge

While Jon’s client work focuses on the financial services sector, he also oversees the firm’s assurance service, as well as supporting the trainees following in his footsteps.

ELANA DIMMER

Elana joined us in 2017 as an ACA trainee, after graduating from Durham University where she had studied languages. She is now a manager in our assurance team.

ENQUIRY FORM

By submitting this form, the data provided will be used to perform your request according to our privacy policy.