Overseas income & offshore disclosures

Disclose foreign rental income, dividends, interest and gains to HMRC through the Worldwide Disclosure Facility, with remittance and treaty positions checked first.

• Residence and domicile review before anything is filed

• Foreign property, dividend, interest and gain computations in sterling

• Double taxation relief and treaty position

• Worldwide Disclosure Facility submission through HMRC's digital disclosure service

• Response to nudge letters arising from Common Reporting Standard data

• Ongoing Self Assessment so the position stays correct

UK residents are taxed on worldwide income and gains. Foreign rental profits are computed under UK rules, converted to sterling, and reported on the foreign pages of the tax return, with credit for overseas tax paid usually limited to the UK tax on the same income.

HMRC receives account and asset data automatically from more than a hundred jurisdictions under the Common Reporting Standard. That is where most nudge letters come from, and it is why an unprompted disclosure is worth making before the letter arrives.

Offshore penalties are harsher than domestic ones. Territory categories, the failure to correct rules and a 12-year assessment window for offshore matters all bite, so the behaviour analysis and the disclosure wording matter more here than anywhere else in personal tax.

Thresholds, rates and deadlines quoted here reflect the 2026/27 UK position. Check current GOV.UK guidance, or ask us, before you rely on them for your own company.

We start by looking at the last filed accounts, your current records and your filing dates, then confirm a fixed scope and fee in writing.

Once the work is live you get reminders ahead of each deadline, a named person to ask questions, and a plain-English summary when the figures are ready, not a PDF with no explanation.