Should you currently be considering a voluntary self-disclosure of your tax affairs, then it is crucial to contact our tax lawyers. Our lawyers have experience submitting such disclosures and will ensure that your self-disclosure is carried out on time and appropriately.
To ensure that your tax affairs are resolved while the impunity is in place, it is vital to work quickly and efficiently in such a submission. Delay in its disclosure can lead to the tax authorities becoming aware of the irregularities, thus negating the benefit of voluntary self-disclosure.
Should the authorities announce an investigation or start with office or house searches, it is likely too late to make the voluntary self-disclosure.
If you require urgent assistance, contact our lawyers as soon as possible.
Submitting a voluntary self-disclosure must be completed in writing or orally with the tax authorities (over the phone or in-office).
Although it is not a requirement to make a tax declaration in writing, we would urge our clients, wherever possible, to make it in writing.
As stated, the tax declaration must be in total, and omissions can make self-disclosure ineffective. Written disclosures are more reliable and can be more thoroughly assessed.
When making the declaration, the taxpayer must take responsibility for what they have submitted by signing the disclosure or authorising their tax advisor to sign it. The statement should, in practice, be similar to a regular tax return.
Our lawyers will draft the disclosure with you and ensure it complies with its legal requirements.
In creating the voluntary self-disclosure, there is no stated requirement that the individual provides reasons for the previously evaded taxes. Supplying a cause, especially in cases of misunderstanding or oversight, can be tempting. Mistakes can happen even in tax payments.
However, we would tend to avoid this as such explanations are not generally required and can often lead to further legal complications further down the road.
Consult with a tax lawyer before making the voluntary self-disclosure so you are fully aware of all legal consequences of such a decision.