Petition Grace period for UK Tax Residents to Report Worldwide Income and Assets
Requesting the Government to create a short-term grace period for UK tax residents to report worldwide income and assets without penalties.
We think HMRC should provide clear guidance and support to help people comply and avoid unexpected tax bills.
More details
We think that many UK tax residents don’t realize they must report worldwide income, which could lead to penalties and unexpected tax bills.
We think a short-term grace period would help people fix mistakes without heavy penalties.
We think this would promote fairness, improve understanding, and give taxpayers a chance to comply before facing enforcement.
13 signatures
Show on a map the geographical breakdown of signatures by constituency
10,000 signatures required to get a government response
At 10,000 signatures...
At 10,000 signatures, government will respond to this petition
At 100,000 signatures...
At 100,000 signatures, this petition will be considered for debate in Parliament