Tax
Healthchecks
With all of the major taxes now being self-assessed,
the onus is on you to make sure that your tax compliance is correct
and, in case you make a mistake, the likelihood of a taxpayer
being subjected to a tax enquiry has never been higher. HM Revenue & Customs and the Contributions Agency
continually increase the level of resources they allocate to this
area of tax compliance.
Our tax healthchecks can be performed on any tax
area at any time, but are typically requested after notification
has been received that one of the tax authories is taking a closer
than usual interest in your affairs:
- VAT Control Visits,
- An examination by HM Revenue & Customs or the Contributions Agency
into Employer records (PAYE, NIC, Benefits in Kind, Employment
Status),
- An enquiry into an Income Tax Self Assessment Tax Return (which
includes Capital Gains Tax),
- An enquiry into a Corporation Tax Self Assessment Tax Return.
Our primary aim is to act for clients in a manner
which reduces the risk of them under paying tax through some area
of non-compliance. In addition, we will make sure that you are
not paying too much tax.
Agreeing your tax liabilities with the tax authorities
is principally achieved by completing and filing the appropriate
tax returns. Clients who are fearful that their tax affairs may
be enquired into, may wish to consider taking out our
fee protection insurance before they submit these tax returns.
The best tax
planning advice
has to be to pay the correct minimum amount of tax, at the correct
time, through the correct mechanism. Instruct our tax specialists,
which include ex-Inspectors of Taxes, to act in your best interests
and put your mind at ease.
Practical Examples of our Tax Healthcheck Expertise
- Reviewing the contractual terms for your self employed
workers to make sure that you are not at risk from a challenge
over their employment 'status'.
- Attending your premises to review your records prior
to a VAT control visit from HM Customs & Excise.
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