Having trouble with the tax man?

HM Revenue & Customs (HMRC) have a duty to see to it that each of us pays “the right amount of tax”. Therefore they have powers to make Enquiries into tax returns.

The Enquiry window is normally one year from the date your return is filed. An Enquiry is a formal process, but with full cooperation on your part it need not be an unpleasant experience. We can guide you through the process and work with the Inspector towards a prompt settlement with the minimum penalties.

Many Enquiries begin when HMRC receives some information to suggest that a tax return may not be complete, or has reason to suspect that profits or other income have been under-stated. Others begin with HMRC receiving information from foreign banks or foreign tax authorities – HMRC have access to more information regarding foreign bank accounts and investments than ever before.

On occasion, new clients have told us that they have offshore savings or trust funds which have not been disclosed to HMRC. Although the original and “new” disclosure opportunities are now closed, it is possible we could help such clients to restrict penalties and obtain a clearance by making disclosure under the Liechtenstein Disclosure Facility.

We can act as your buffer, stepping between you and HMRC, and your guide – talk to us now if you’re having (or expecting) trouble with the tax man.