IMACC & CO has years of experience assisting clients, both individuals and businesses, with the complexities surrounding the World Disclosure Facility (WDF). If you have received a letter from HMRC regarding offshore assets or unreported foreign income, professional assistance is recommended without delay. Failing to respond to these letters can result in stiff fines and legal action.
WDF is aimed at UK citizens who wish to declare foreign-related income, possessions and/or activities. This encompasses income earned abroad, foreign assets, and money sent overseas. Failure to act promptly may result in severe repercussions as well as noncompliance with Britain’s tax expectations.
Our expert team provides comprehensive support throughout the disclosure process. We will work with you to minimise penalties. We also offer guidance on complex international tax issues. It includes foreign tax credits and the proper calculation of tax liabilities.
Late disclosures can be fined up to 200% under the Failure to Correct (FTC) system. IMACC & CO's expertise can negotiate to lower the penalty as low as 100% depending on how much information is disclosed. It's best to work with us so you know that the correct actions are taken to minimise any financial risks.
Indifference or erroneous disclosures can also lead to civil or criminal fines or imprisonment. IMACC & CO not only makes sure that you comply with all the terms set by HMRC. We also help you protect your finances by guiding you through the complete WDF process.
Contact us for a free consultation and secure your financial peace of mind. With IMACC & CO, your tax matters are taken care of. With our knowledge of the Worldwide Disclosure Facility, we will make sure that you do not incur unnecessary penalties while staying compliant with HMRC rules.
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We are a team of expert accountants and tax advisers. We provide unwavering support at every stage of your path to success, with solutions crafted to address your specific needs. Our expert-driven services are available to clients across the West Midlands and beyond ensuring personalised and impactful results. Partnering with us, you will no longer struggle to manage your finances as a business or individual.
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