Tax Investigations & Undisclosed Income

A tax investigation or tax “compliance check” can be stressful for anyone, whether your tax affairs are correct and complete or not. The complexity of tax rules and penalties can certainly be overwhelming! It is therefore essential that you seek experienced and knowledgeable support at this time.

Our understanding

Tax investigations are now more targeted than ever. HMRC uses its data sources to identify taxpayers who may have issues with their tax affairs or mistakes or omissions from their returns. This data can be drawn from a variety of places including, employers, investment houses, banks, and the land registry amongst others.

Dealing with HMRC in the right way from the very start is key to protecting your rights and safeguarding your business. By co-operating with and assisting HMRC, within the limits of what is reasonably required, you’ll be able to steer clear of penalties.

Here at Wisteria, we can help you do just that.

How we can help

Wisteria’s tax team has dealt with many tax enquiries. In the last year, we have dealt with issues relating to:

Property tax and Capital Gains Tax issues
Under declared business profits
Voluntarily alerting HMRC to tax irregularities
VAT
Residency and domicile issues
Share schemes
Valuations of assets
Entrepreneur’s relief
Challenges to deductible expenses.

Our wide experience in dealing with such issues means that we understand the process and expectations. We also know what HMRC expects and, if there are issues with your tax affairs, how to manage the process to minimise penalties.

Taking the right first step is a key part of minimising your potential penalties. Contact us for a confidential discussion about how we can help.

View our Tax Fee Protection Scheme Service Flyer.

Meet the expert

Richard became a director of Wisteria in 2018 and responsible for the Tax department. His clients vary from individuals to partnerships and Limited Companies. Since becoming a Chartered Tax Adviser in 2015, he has grown his client base to individuals and corporations within the UK as well as those based in South East Asia.

His main focus lies in those individuals who are UK resident/Non-resident with non-UK domiciled issues to High-Net-Worth Individuals who own residential and commercial properties within the UK.

rsham@wisteria.co.uk

Learn more about Richard

Have a query around undisclosed income or subject to investigation?

Get in contact with us below and a member of the Wisteria team will be happy to give you a call back

What makes Wisteria different?

Specialist tax and business advisers like no other

We seek out opportunities

While working on your tax affairs, we seek out opportunities for you to further develop. We’re with you every step of the way.
We aim to keep you in the loop

We aim to keep you fully in the loop, discussing developments and new options with you, as part of regular meetings.
You're in safe hands

We give you peace of mind, your tax return is dealt with in good time, and each opportunity is identified and implemented.
Long term relationship

By developing long-term relationships with clients, our tax return services work alongside the tax advice we provide.