Tax Settlement of Offshore Funds
We have developed extensive expertise in dealing with HMRC regarding the settlement of previously undeclared funds.
Our experience has found that many people, seeking to provide themselves with a nest egg for their later years, set up bank accounts offshore. These investments are often overlooked for many years by the individuals concerned, who frequently believe, as no money is being remitted, that these accounts are tax-free. Unfortunately this is rarely the case, and as the accounts are ignored, so the tax problems grow.
We can help you to put your affairs in order and have found that the making of a voluntary disclosure will generally result in reduced penalties, the avoidance of a criminal prosecution and will speed up the settlement process.