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Busy times for HMRC’s worldwide disclosure facility

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HMRC has advised it may not be able to meet its target response times for acknowledging disclosures made by taxpayers via the worldwide disclosure facility for UK tax liabilities relating to offshore matters, owing to ‘an increase in the number of disclosures received’.

HMRC’s guidance promises an acknowledgement letter within 15 days of receipt of completed disclosures, followed by an offer letter within 90 days of that acknowledgement setting out the intended course of action.

A note added to the guidance now states HMRC ‘will respond as quickly as possible’. See bit.ly/2cBekyY.

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