Sentences with phrase «made voluntary disclosures»

Of the almost 2000 taxpayers implicated in the HSBC leak, some two hundred and sixty have come forward and made voluntary disclosures to the Canada Revenue Agency.

«Former President Olusegun Obasanjo would serve public interest by making a voluntary disclosure of every single donation, particularly large donations, to his newly launched presidential library.

This is where, for example, you've made a voluntary disclosure, or we or third parties have been responsible for delays that increase the shortfall period.

Not exact matches

These initiatives enable a voluntary disclosure to be made of previously undeclared income and generally offer reduced penalties, compared to the position if it is HMRC that discovers the non-declared income.

The prospect of a significantly tougher penalty regime provides a strong incentive to taxpayers to clean up their act and make a last chance voluntary disclosure.

If an IRS employee makes a voluntary, intentional disclosure, the employee may be subject to criminal penalties including a fine, imprisonment, and loss of employment.

If the above pre-requisites are met, our experienced Canadian tax lawyers are able to make a successful VDP or voluntary disclosure to CRA for the failure to report income earned in a UK ISA or for the failure to file form T1135 as and when required by the Income Tax Act.

When there is no such legal mandate, the disclosure is voluntary on the part of the covered entity, and it is therefore reasonable to expect the covered entity to make some effort to protect privacy before making such a disclosure.