PETITIONClosedPetition · petition.parliament.uk
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.
Last fetched 03 May 2026 · petition.parliament.uk
Signatures
163
signatures
Government response threshold (10,000) · 163/10,000
Debate threshold (100,000) · 163/100,000
Background
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.