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Hi It would not make any difference at this stage, as 2013/2014 does not come to an end until 05/04/2014, and once HMRC are aware that you should have paid tax for the earlier tax years, then they will issue you with self assessment tax return to fill in - which means that they can establish the tax...

HI

HMRC would look for a payment plan that would clear the tax owed as soon as possible - so one two three large payments

Thanks

Sam

Hi Thanks for your response Ideally HMRC would like it in one lump sum, but they offer payment plans which have to be agreed with HMRC - I have several clients who either are on these, or have been within the last 12 months, and HMRC are accommodating to this. (And am ex HMRC so have agreed payments...

Hi Thanks for your response That's an easy mistake to make, and HMRC will appreciate that, and you are doing the right thing, and from HMRCs point of view, that's what is the most important factor here! I'm sure your accountant will serve you well, but if you have any further concerns, you can alway...

Hi I can fully understand your worry and fear - but I promise you, you have the following in your favour 1)you plan to make a full disclosure (and this is through an accountant) 2) You are willing to pay the tax and any charges, but just want to have a payment plan that's affords you a standard of l...

Hi You are welcome for the answers provided so far - a CCJ is only ever sought after if 1) no contact is made with HMRC to discuss a payment plan which is agreed with them or 2) The payment plan dates, are bot met, without contact being made with HMRC to keep them informed But if you make the full d...

HI That's fine to let the accountant contact/liaise with HMRC for you. Yes of course they will allow you to continue to work offshore, they have no reason to interfere with any form of employment/work that you do, that will (lets be honest) put you in a continuing position to pay back the tax owed !...

Hi Thanks for your further question Yes of course, once its established how much is owed, then you offer a payment proposal - try and make it to span over the shortest time possible, and if you are unable to keep to the agreed proposal then let HMRC know before a payment is in essence "late&quo...

Hi Thanks for your response You are doing the right thing, and could either register for self assessment now (so that by the time you go to see the accountant, you have your 10 digit Unique taxpayer reference allowing them to proceed with helping you straight away) or let the accountant guide you th...

HI Thanks for your question, my name is XXXXX XXXXX X am one of the UK tax experts here on Just Answer, and ex HMRC (26 years within the department) HMRC are not going to want to lock you up or take you to court, as you seem to want to come forward and declare this income so that right tax can be es...

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