I'm Nigerian. How can I have a UK tax problem?

If you are an individual, trustee or director/shareholder of a non- UK company (or equivalent entities, e.g. foundations/anstalts) and have consistently resided outside of the UK you may still have a UK tax problem that needs an urgent review.

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The UK introduced legislation in late 2017 called ‘Requirement to Correct’ (RTC). In summary, if you do not correct an historic UK tax error before 30 September 2018, and the UK tax authorities (HMRC) later discover the mistake (e.g. through information received under the Common Reporting Standards sharing regime); there will be crippling penalties (200% of the tax plus 10% of the value of any related assets) and HMRC may publish your details on their website, which is watched by the media.

If you have had ANY link to the UK, please read the attached insight because it could save you a lot of stress and, ultimately, money.

You might also be interested in… Tax planning and advice for individuals.

UK personal tax compliance

We see the Tax Return as a window into our client’s life and the best way for us to get to know each other very well. We aim to see that the right amount is paid at the right time on the basis of full, accurate and timely disclosure. 

We assume a role somewhere between trusted adviser and knowledgeable friend – a role vital in ensuring clients are able to keep and enjoy more of what they earn and bequeath it to the next generation.

UK personal tax planning

UK tax is constantly changing and you will have events that require tax planning (e.g. a possible investment into a business or sale of an asset) while also having ideas of how you would like to use your wealth to benefit you and your family (e.g. via gifts or the creation of trusts).

We aim to ensure that you make the most of the tax legislation, while being cautious and reasonable in our approach to tax planning.

Do you have your UK tax rates cards for 2019/2020 yet?

If not, then don’t worry, we’ve got it here for you. This useful guide has all the year’s tax rates for 2019 and 2020 in one place, making it easy for you to refer to throughout the year. Included in the guide is everything from the main Income Tax and Corporation Tax rates, through to deadlines and allowances. Download the tax rates guide now and see what they mean for you this year. 

2019 and 2020 UK tax rates and allowances

Non-Doms and Non-UK Residents

Foreign domiciled UK residents have access to some very beneficial tax rules but those benefits come with complexity, which is ever increasing. We help those who are yet to come to the UK, are already here or those who have left to ensure that they make the most of the available rules.

For anyone outside the UK who owns UK real estate (including non-UK companies), we help them with their ongoing tax compliance and any related tax planning.

US tax

If you’re a US citizen living in the UK or you’re planning to move here, there will be a number of important life stages that you will need to plan for. Our dual-qualified US and UK tax experts have an intricate understanding of both systems. Tell us your story and together we’ll assess your liabilities and tackle any issues before they become an issue.