Many business people understandably try to minimise their contact with HMRC. However there are certain situations when it’s a good idea to proactively engage with them to avoid further difficulties or indeed penalties. The Bedrock team can help you decide on the best course of action for you and will be by your side all the way until the matter is resolved.
If you spot an error in your VAT return or the way in which a calculation has been made which impacts on the tax you owe it’s well worth speaking to one of our team so that they can help you make a voluntary disclosure so you can avoid any penalties.
If you have overseas bank accounts it may be appropriate for you to make a disclosure under one of the specific overseas disclosure facilities Periodically HMRC will put in place, for a limited time, disclosure facilities such as the Liechtenstein Disclosure Facility to ensure that the correct amount of tax is being paid by UK companies and residents. Over recent years new inter-country agreements such as the Switzerland agreement have been put in place, these too can be used to resolve tax issues. HMRC may settle for fewer years and a smaller penalty than under a standard enquiry. The Bedrock team provide expert advice to ensure the full benefits of any such disclosure are obtained.
Why not contact the Bedrock team for an initial free consultation.