Business services > Voluntary Declarations

If you are in the position of having failed to declare your income, making a voluntary declaration will put you in a far stronger position in negotiations with the Inland Revenue, than being caught with undeclared income.

Typical situations are:

• Higher tax payers not receiving a tax return, and having missed the deadlines
• Undeclared rental incomes
• The “hobby” income that has grown into a business
• Undeclared capital gains on disposal of property
By making the declaration you can not only reduce the stress of uncertainty of the outcome of your situation, but the sooner you make the declaration the lower your likely liability to any
fines and interest charges, and the lower your chance of being caught and facing a full investigation.

By having your tax returns professionally completed you will ensure that all allowable deductions have been made, and therefore your liability will be minimised.

Where possible we will negotiate on your behalf with the Inland Revenue to reduce any penalties and interest charges added to your account.

We offer a fixed fee basis for this type of work, and the fee of this service can be surprisingly economical, and often lower than the individual costs of the returns.

For example producing three our four tax returns at one go enables us to make economies in time spent producing these returns, and can often produce an overall saving.

If you need to make a voluntary declaration, please get in touch for a free consultation to discuss your position.