Taxation Compliance

Income Tax Returns
Corporation Tax Returns
Dealing with Investigations
Fee Protection Scheme

Income Tax Returns

The term 'self assessment' is proving to be one of the great misnomers of all time. Many taxpayers struggle to understand the complex tax returns and complete them correctly. In the first year of the regime alone, 775,000 taxpayers received £100 penalties for failing to submit their returns on time, and some 400,000 incurred further penalties because their returns were still outstanding six months later!

The constant stream of changes to tax legislation means not only that the returns are becoming even more difficult to understand but also that taxpayers risk incurring more penalties through failing to complete their returns on time or correctly.

We can save you a lot of time, worry, and money by handling your self assessment for you. We will do all the necessary computations, complete your return, and even offer advice on how you can minimise your tax liability.

We can act as your agent, dealing directly with the Inland Revenue on your behalf and, should you be selected for a self assessment enquiry, act for you at any meetings.

Corporation Tax Returns

Corporation tax represents a substantial part of your trading costs. Moreover, the increased reporting obligations, robust investigation policies on the part of the tax authorities, and harsher penalties for non-compliance mean that an undue amount of your time and resources can be taken up collecting revenue for the Government.

We offer a range of services to help you minimise your corporate tax exposure and relieve you of the administrative burden of complying with tax legislation. These include:

Determining the most tax effective structure for your business
Taking full advantage of tax opportunities and reliefs
Achieving the optimum capital or revenue tax treatment
Reducing tax on disposals and maximising relief on acquisitions
Making the most of tax opportunities specific to your industry
Meeting the rigorous demands of compliance including corporation tax self assessment
Acting on your behalf in discussions with the tax authorities
Efficient corporate tax planning can result in potentially significant improvements in your bottom line.

Dealing with Investigations

The taxation authorities are continually honing their skills and improving their competence in obtaining sizeable settlements from taxpayers who they investigate. The settlement will include not only the tax due but additionally interest and penalties.

It is vital to rebut incorrect assertions and to have the technical expertise available to ensure that HMRC do not take unfair advantage of the tax payer. Often good negotiation skills are critical in improving the eventual outcome.

We have the experience and skills to manage an investigation on your behalf, to protect your position and to give you the support that you will need.

We strongly recommend our Fees Protection Scheme so that you have the reassurance that you can sustain a fight against HMRC without concern about paying our fees. (link to Fee Protection Scheme).

Fee Protection Scheme

Businesses in particular are being targeted by HMRC. Inspectors are becoming increasingly belligerent during investigations and this combines with annually increasing investigation targets means businesses are more at risk than ever before.

We believe that our professional Fees Protection scheme gives you complete peace of mind and is essential to protect yourself against the costs of lengthy enquiries.

This service is backed by an insurance policy taken out by us with Abbey Tax Protection.

Business subscribers to this service are entitled to free 24 hour Business Legal Advice line for advice on matters including Employment, Health and Safety and Business Law.

Whether you are in business or an individual taxpayer call us today BEFORE you receive a notice of enquiry!