We will help you explore your options should you need to pursue an HMRC settlement for any trust based tax planning previously undertaken. Are you concerned about:
- Follower Notices, and the implications of the Rangers’ decision for you?
- Serial Avoiders legislation and associated administration?
- HMRC Naming and Shaming announcements?
- Further accrued interest and penalties?
- Increased IHT charges?
- HMRC’s ever hardening stance on settlements?
- 2019 loan charge on outstanding loans?
The decision to settle or continue the dispute over the tax HMRC thinks you owe is entirely yours but why not have an initial conversation with one of our experts to consider your options?
Bedrock remove all the stress. Their communication is easy to understand and everyone is approachable and friendly. And our settlement was less than we expected!
Owner of an Electrical Contractors
Reasons to use Bedrock Tax
At Bedrock we make it our business to ensure you are provided with the best advice based upon your individual circumstances. We have a proven track record in the settlement of tax planning strategies with HMRC. We can take full control of the HMRC settlement process for you which means we will:
- Collate and review of all relevant strategy information
- Review the enquiry and assessment status of the company and relevant beneficiaries
Manage any further correspondence in respect of APNs or enquiries relating to the planning- Produce a full settlement calculation
- Draft a formal settlement approach to HMRC
- Review HMRC’s calculations to ensure they are in line with current terms and our own workings
- Review the HMRC settlement agreement
We usually recommend closing any trusts associated with the planning to avoid any future tax charges and trustee fees. In these instances we can:
- Manage all liaison with the trustees
- Ensure the trust structures are closed within 90 days to avoid any further IHT liabilities
- Draft a letter of recommendation for you to formally request that the trusts are closed post settlement
- Provide a briefing note detailing our recommended steps to take post settlement. The note will include suggested tax return narratives and further advice surrounding the closure/cancellation of any assessments and enquiries
If you’d like to know more about how the Bedrock team can help with HMRC settlement of any tax planning arrangements get in touch today. We offer a free and confidential exploratory conversation. Let us take away the stress of dealing with HMRC when it comes to settlements.
