We provide expert advice and guidance throughout the tax investigations, enquiries and disclosures process.
We can help in a number of ways, having guided many clients through all of HMRC's disclosure facilities with great success. We have the experience to determine the right course of action for you and a strong relationship with HMRC to help you through the disclosure process with significantly reduced liabilities to tax and penalties.
Enquiries – or, as HMRC now term them, ‘compliance checks’ – into tax returns are typically a fairly routine matter.
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What the taxman will be looking out for
HM Revenue & Customs (HMRC) is to crackdown on tax evasion by restaurants as part of the Government’s plan to raise an extra £7 billion a year from tax evaders.
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The Liechtenstein Disclosure Facility – an offer too good to refuse!
With HMRC prepared to both use the courts and pay large sums to whistleblowers to gain access to your data, the chances of the tax man finding out about your offshore assets - whether in Liechtenstein, Switzerland or anywhere else - is now extremely high.
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The new UK-Swiss Tax Agreement signed on 6 October has significant implications for those with assets deposited or managed in Switzerland via Swiss “paying agents” (broadly Swiss banks and investment managers).
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A quarter of all taxpayers may be paying the wrong amount of tax due to incorrect PAYE codes according to our analysis.
From 6 April 2012 HMRC will be able to ask employers to pay a financial security where it thinks there is serious risk that the business won’t pay over their PAYE tax deductions or National Insurance contributions (NICs) on time.
Hot on the heels of an announcement from HMRC that the closure date for the Liechtenstein Disclosure Facility (LDF) has been extended to 5 April 2016 has come speculation that the local banks are pushing for much higher transfers of funds into Liechtenstein and a minimum period for which any account must be kept open.
Taxpayers who do not owe tax, or are even due a tax rebate from HM Revenue & Customs (HMRC), will be fined for the first time this year if they do not complete tax returns by January 31 2012.
The value of the lifetime allowance is to be reduced from £1.8 million to £1.5 million in April 2012.
Almost two thirds (65%) of all penalties and decisions issued by HM Revenue & Customs (HMRC) to taxpayers in relation to VAT matters are subsequently found to be incorrect and are overturned on internal review.
