related documents
HMRC Offshore Disclosure Facility
Guidance from ACCA
09 May 2007
Guidance in relation to the recently announced the UK's HM Revenue & Customs' (HMRC) Offshore Disclosure Facility can now be viewed by clicking on the link under 'related documents'.
It contains useful guidance and a template letter for contacting clients.
Key dates in respect of this HMRC initiative are as follows:
- Now: Banks will be writing to their clients about details they have given to HMRC.
- 22 June 2007: HMRC must be notified by this date of the intention to disclose.
- 26 November 2007: Full disclosure must be made by this date, and all outstanding liabilities, including interest and penalty paid.
- 30 April 2008: HMRC will accept or reject the disclosure by this date.
If you wish to discuss this guidance, please call ACCA's Technical Advisory helpline on 020 7059 5920.