HMRC Isle of Man disclosure facility

The HMRC disclosure facility with the Isle of Man is available until 30 September 2016

The government has signed a disclosure facility with the Isle of Man to clamp down on offshore tax evasion.

This provides a new disclosure opportunity for individuals and companies to settle unpaid UK tax liabilities.

The key points are:

  • The facility is open to any taxpayer not already under investigation, who has or who had relevant property in the Isle of Man between April 1999 and December 2013. 
  • Liabilities arising prior to April 1999 will not be taxable. 
  • Penalties for periods up to April 2009 will not exceed 10 per cent and for later periods 40 per cent; 
  • Time-to-pay arrangements for ‘hardship’ cases may be agreed by HMRC. 

For further information, please visit the 'Related links' section on this page.