Received or made gift but forgot return — what now?
File belated return + reduce penalty risk via "voluntary correction" (inkeer scheme) — for unintentional errors.
Gift tax return due before 1 March of year after gift. Forgot? Plan: (1) File belated return ASAP — Tax Office has online "belated gift return" form; (2) Invoke INKEER scheme (AWR 67n) — voluntary disclosure before Tax Office detects, penalty heavily reduced or waived if no intent; (3) Return WITHIN 2 YEARS of gift — penalty up to 100% possible on unexplained discovery, but inkeer typically 5-20%; (4) 2-12 years post-gift: inkeer possible but larger penalty; (5) AFTER 12 years: for non-NL gifts assessment still possible (foreign-concealed rule). NOTE: BEFORE INSPECTOR CONTACTS YOU — otherwise not voluntary inkeer. Practical: doubt about year or amount: file with "wrongly forgotten / new information discovered" — honest approach rewarded. For child gifts above annual exemption not declared: look-back years count for raised one-off exemption (affects later planning).