What would you do if you had committed tax fraud?

What would you do if you had committed tax fraud?

What would you do if you had avoided/evaded paying tax, perhaps for a significant time, simply by not declaring certain taxable income or, worse still, had committed actual tax fraud … and then heard about the big crackdown by Her Majesty’s Revenue & Customs (“HMRC”)?
Would you …

  1. continue to hide the problem, hope for the best and bury your head in the sand?
  2. take professional advice?
  3. come clean and contact HMRC with a full disclosure? Read more