Tax Planning
Tax Risk Management
If you or one of your clients were to be put under an investigation by HMRC, would you be confident that the result would be that no additional tax would be due?
In our experience, the best way to avoid additional tax is a proactive approach to risk management. The experts at The Tax Faculty are on hand to help.
The Tax Faculty Risk Management
Here at The Tax Faulty, we cannot recommend enough the importance of being proactive when it comes to tax. By undergoing a full tax "health check" prior to the advent of any HMRC enquiry or investigation, we can offer individuals and businesses the opportunity to be confident that they are absolutely compliant.
From our experience, both previously as senior HMRC Inspectors and as tax investigation specialists, it is incredibly advantageous for individuals and businesses to have clear risk management policies in place. Critical risk management alongside procedures to minimise financial risk, makes it much harder for HMRC to provide a successful challenge in relation to your tax affairs.
Our experts offer risk management services that include the review of proposed transactions before they take place, the review of systems and controls or taking an in-depth, critical look at how business systems are organised and operate with a view to suggest improvements.
All risk management work is completed with an overall objective of assessing any areas of risk well in advance of any potential challenge.
If there is any subsequent challenge, you will have a full history of documents and expert opinion which will support the reporting treatment. This enables an organised dialogue with HMRC from a position of strength.
Our experts are well versed in reviewing the operation of benefits and expense payments for employers. This has in the past been an area where HMRC concentrate numerous enquiries with great success and continues now to one of the most popular ways for HMRC to challenge employer compliance.
Our experts number among them industry award-winners for the way in which they handle HMRC disputes and investigations, making The Tax Faculty the best place for pragmatic advice. All initial consultations are free of charge as we know how confusing and complex such investigations can be, even for the trained eye, therefore we want to be sure that we are best placed to assist before you commit to our services.
Do you or your practice require assistance with Tax Risk Management?
Our experts pride themselves on keeping their knowledge of current taxation issues up to date as well as being highly trained in the long-standing tax statute.
This makes The Tax Faculty the ideal place to find a specialist with the experience necessary to conduct a critical review of the tax affairs of an individual or business.
Contact us today to discuss how we can help to meet your needs.