The HM Revenue & Customs (HMRC) Isle of Man Disclosure Facility provides an opportunity for eligible customers with assets or investments held in the Isle of Man to bring their UK tax affairs up to date. You can use the facility to make a full disclosure of outstanding liabilities and pay any amount due.
The disclosure facility runs from 6 April 2013 until 30 September 2016.
If you are eligible you will be entitled to limit your disclosure to tax periods ending on or after 1 April 1999 and to pay penalties within prescribed limits.
The Isle of Man government will require all financial intermediaries in the Isle of Man to contact clients who may be eligible to use the disclosure facility. However it is your responsibility to make sure you submit your application to participate within the time limits above and you should not wait for your financial intermediary to contact you before you do this.
HMRC will provide a decision on your disclosure as soon as possible. Most disclosures will be finalised within nine months of your application.
This facility is governed by a Memorandum of Understanding (MOU) and associated schedules. Frequently Asked Questions are also available. Links to these can be found at the bottom of this page.
On this page:
To make a disclosure you need to:
You are not eligible to participate if you:
There are also certain circumstances which might mean that you are not eligible for the full terms of the facility. These include circumstances where you:
You can get further guidance from the Offshore Disclosure Facility Helpdesk.
If you are eligible to participate you can apply and provide an outline of your disclosure to HMRC online by using the link below. You will then be issued a unique reference number and told which disclosure pack you should use. This reference number should be included when you make your disclosure and on any payments or correspondence you send to HMRC.
You can obtain a paper copy of the application form by ringing the Offshore Disclosure Facility Helpdesk.
You need to make a payment that accurately reflects the total tax liability of the disclosure. This must be made within 30 days of your disclosure application date. HMRC may withdraw the terms of the disclosure facility and associated benefits if this payment is significantly lower than your actual liability.
You need to make your disclosure within six months of the application being made. If you think it will take longer then please ring the Offshore Disclosure Facility Helpdesk as soon as you have received your application reference number.
After your application HMRC will tell you which disclosure pack to complete.
You can get a paper copy of the disclosure packs by ringing the Offshore Disclosure Facility Helpdesk.