Digital Disclosure Service
HMRC’s Digital Disclosure Service is an online system that allows individuals and businesses alike to disclose their tax liabilities or irregularities that HMRC are unaware off. The primary use of this service is for businesses and individuals to voluntary disclosure any unpaid taxes, undeclared income and other tax-related disclosures.
Why Make a Voluntary Disclosure?
If you have come to the realisation that you may have provided inaccurate information (accidentally or intentionally) that will affect your tax liability, it is advised that you disclose this to HMRC using the Digital Disclosure Service before being prompted by HMRC. This is because rectifying your tax affairs voluntarily will minimise your potential tax penalties. Please note that using this service will not exempt you from a penalty but it may help reduce them.
If you are considering using the Digital Disclosure Service, it is advised to consult a professional tax advisor regarding this. A good tax advisor will ensure you fully understand your liabilities and the possible implications of making a voluntary disclosure.
Meet our team
Meet our team
