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TAX DISCLOSURE OPPORTUNITY Image

Tax Disclosure Opportunity

11th Apr, 2017

The Treasury is running a tax disclosure opportunity from 3 April until the end of 2017. This means Islanders will be able to tell the Taxes Office if they’ve made a mistake or failed to declare income on their tax return without having to pay any extra penalties.

An online form will be available for people to correct any past mistakes with income tax or GST returns. If a disclosure is made, the tax owed will still need to be paid but the Comptroller of Taxes will not apply any penalties or interest, and his general position will be not to instigate criminal proceedings.

For more information, follow this link

 

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