US EditionHMRC launches new online interactive help for compliance checks - IFA Magazine
- HMRC launched a new online Interactive Compliance Guidance tool on 1 May 2025 to help businesses and individuals understand compliance checks.
- HMRC developed the tool to improve customer support and response to the complexity of tax compliance, especially for unrepresented taxpayers.
- The tool consolidates guidance and videos with clear topics, step-by-step explanations, and help on requesting support or disputing decisions.
- HMRC receives automatic offshore data from over 100 countries through the Common Reporting Standard, which increases detection of undeclared foreign income subject to taxation from April 2025.
- HMRC strongly advises voluntary disclosure via the Worldwide Disclosure Facility before contact, as it typically lowers penalties compared to HMRC-initiated investigations that may reach up to 200% tax charges.
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.10 Articles
10 Articles
HMRC launches online tool to simplify tax compliance for businesses - Business Link Magazine
HMRC has released a new digital tool designed to help businesses better navigate tax compliance checks. The Interactive Compliance Guidance platform consolidates essential information and support resources in a single location on GOV.UK, aiming to streamline the process for users engaging with HMRC over compliance matters. The tool walks users through the steps involved in […]
Rotherham Taylor Chartered Accountants
What is the Worldwide Disclosure Facility and when should you use it?
If you have undeclared income or assets held overseas, you may owe tax in the UK. The Worldwide Disclosure Facility (WDF) offers a way to correct your tax affairs where foreign income or gains should have been reported but were not. HMRC offshore disclosure – Who needs to use the WDF? The WDF is for individuals, companies, and trusts that need to disclose offshore income, gains, or assets that have not been declared correctly to HM Revenue & Cus…
HMRC launches new online interactive help for compliance checks - IFA Magazine
Businesses and individuals can benefit from HM Revenue and Customs’ (HMRC’s) new online interactive tool that guides them through tax compliance checks. The Interactive Compliance Guidance tool available on GOV.UK provides information to help customers understand: · HMRC compliance checks · Why HMRC has requested specific information or documents · How to request extra support due to health or personal circumstances…
headlinemoney.co.uk
caithness-business.co.ukHMRC launches new online interactive help for compliance checks
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
