The Pandora Papers revealed that prominent and wealthy people have been legally setting up companies to secretly buy property in the UK 🔴 Exclusive from gracegausden93
Taxpayers who are unsure as to whether they have an undisclosed tax bill are encouraged to seek professional advice.
In cases of suspected dishonesty, one of HMRC’s disclosure facilities, the Contractual Disclosure Facility, if used correctly the taxpayer can be protected from criminal prosecution where they make a complete, open and honest disclosure of all deliberate behaviour. “Our message to users of these financial services is think hard and take this opportunity to be honest and pay the tax you owe, because the reputational and financial damage if you don’t can be significant and long-lasting. We are giving people a narrow window of time to do the right thing and correct their tax records, before we take action.”
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