Taxation is another core service which is paramount to our practice.
We employ qualified taxation specialists with a broad range of skills and practical experience. We actively participate in the regional branch of the Chartered Institute of Taxation and regularly meet with other taxation professionals to discuss new developments and ideas.
We believe that advice cannot be given in isolation and must be tailored to address the specific requirements of each individual and business. In addition, saving tax in one area may lead to excess tax being paid elsewhere - you should be aware of the implications of your business decisions.
The taxation system is very complex and HM Revenue and Customs’ penalty regime can be very costly, even when errors are innocently made.
There were 1,200 pages of primary tax legislation about 25 years ago; there are now over 25,000! In addition, there are thousands of pages of secondary tax legislation and tax cases. Under Self Assessment it is your responsibility to work out which bits are relevant to you and ensure you comply with them when you complete your Tax Return.