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Tax Investigations

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.

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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.

nick tagg

Meet the expert

Nick’s first role in tax was over 15 years ago with the Inland Revenue. Nick qualified at a top 10 firm, Smith & Wiliamson, having spent his time there advising business leaders on complex tax planning projects as well as more routine compliance. As well as having a broad tax background, Nick has also been heavily involved with the firms Company Secretarial and Business Support Services.

ntagg@wisteria.co.uk

Learn more about Nick

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

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    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.

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    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.

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    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.

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    Long term relationship

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