Chartered Accountants
&
Business Advisers

Caledonia House
89 Seaward Street
Glasgow G41 1HJ
t: 0141 272 0000
f: 0141 272 0011
ca@maco.co.uk

IOM Disclosure facility Help Sheet

On 19th February 2013, HM Revenue & Customs (HMRC) signed a Memorandum of Understanding with the Isle of Man (IOM) government.  Under the terms of the Memorandum, HMRC will make a disclosure facility available to UK taxpayers.  This gives UK taxpayers the opportunity to disclose any financial holdings in the IOM with fixed penalty rates.  Those who fail to disclose and are subsequently investigated by HMRC face severe penalties.

Adobe PDF IOM Disclosure facility Help Sheet

IOM Disclosure facility Help Sheet