At DSC Metropolitan, we specialise in transforming financial uncertainties into peace of mind. Our dedicated team is here to navigate you through the intricacies of tax regularization and compliance, ensuring that your financial affairs are in order and free from potential penalties. Whether you’re addressing past oversights or proactively securing your financial future, our tailored remedial solutions are designed to restore confidence and stability to your financial landscape.
Over time, several disclosure facilities have been introduced to encourage taxpayers to regularize their affairs, notably the Lichtenstein Disclosure Facility (LDF), Contractual Disclosure Facility (CDF), and the Worldwide Disclosure Facility (WDF). These initiatives offer favourable terms to promote voluntary compliance and rectification of tax matters.
Critics argue that HMRC’s approach, offering widespread immunity from prosecution in exchange for full cooperation, is overly lenient. However, there are compelling justifications for this strategy:
Despite criticism, schemes like the LDF have reportedly exceeded expectations, collecting significantly more than anticipated. This success illustrates that incentives can be more effective than threats in encouraging compliance.
Our experience with the CDF, in particular, has proven invaluable for clients facing the stress of potential non-compliance, even for minor discrepancies. We excel in guiding clients through full disclosure processes, often resolving issues that seemed insurmountable. Our expertise can help unwind past mistakes discreetly, offering a pathway to resolution that benefits both the taxpayer and HMRC.
If you’re concerned about your tax position and fear the implications of discrepancies, we encourage you to contact us in confidence. What may seem like a significant issue can often be resolved through voluntary disclosure mechanisms such as the Digital Disclosure Service. Let us help you find peace of mind and a positive way forward.
“Our value add is in guiding you towards complete transparency, ensuring a thorough and beneficial resolution of your tax matters.”
DSC Metropolitan LLP Registered and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales Limited Liability Partnership registered in England & Wales OC370002. Registered office: 1 The Courtyard, Church Farm Lane, Chalvington, BN27 3YD
© DSC Metropolitan LLP 2024