Voluntary disclosures and nudge letters

What is a 'Nudge' letter campaign?

‘Nudge’ letter campaigns are too numerous to list in their entirety, but some recent ones include:

• Pandora papers
• Overseas assets, income or gains
• Annual Tax on Enveloped Dwellings
• Non-resident companies owning UK Property
• Benefit In Kind
• Capital Gains Tax (CGT) on residential property
• Investment income
• Social media stars
• Landlords
• Cryptoassets

Whilst this is not an exhaustive list of nudge letter campaigns, it does help to give you visibility of the potential areas that you may need to seek further specialist advice, including what steps to take if you do receive a nudge letter.

How can Kreston Reeves help with nudge letters and voluntary disclosures?

If you are aware of any historic inaccuracies or receive one of these ‘nudge’ letters, then Kreston Reeves can support you settling these issues with HMRC.

Our priority will be to ensure that you only pay the minimum penalty, avoid prosecution, and being publicly named and shamed.

Contact us today to discuss your circumstances in more detail with a member of our dedicated tax disputes team, who are ready to assist and guide you through the available options.

Don’t forget, Kreston Reeves is a full service accountancy firm, so not only do we provide a broader range of related tax disputes services, we also provide a full spectrum of accountancy support, including extensive related tax services.

Explore our full range of tax services