Petition · HM Treasury
Grace period for UK Tax Residents to Report Worldwide Income and Assets
Closed
163 signatures
What the petition asks
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.
We think HMRC should provide clear guidance and support to help people comply and avoid unexpected tax bills.
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.
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.
Timeline
| 27 Mar 2025 | Petition opened for signatures |
| 27 Sep 2025 | Closed to new signatures |
Key facts
Signatures
163
Status
Closed
Department
HM Treasury
Opened
27 Mar 2025
Closed
27 Sep 2025
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Source: the official petition page. Last checked 9 Aug 2026.