Undeclared Income & Offshore Tax Disclosures
Establish the history, reconstruct the figures and find the appropriate route for disclosure.
Historic tax issues can arise from income, gains or assets that were not correctly reported to HMRC.
This can involve UK or overseas matters.
TaxResolve helps establish the history, reconstruct the relevant figures, calculate the tax position and identify an appropriate route for disclosure.
The appropriate treatment depends heavily on the individual facts.
Matters can involve
- Rental income
- Investment income
- Foreign bank accounts
- Foreign property
- Capital gains
- Business income
- Historic Self Assessment errors
- Estates and inherited assets
- Multiple tax years
How TaxResolve works
1. Uncertainty
Review
We review the HMRC correspondence and the background to your case.
2. Control
Establish the position
We identify the relevant facts, tax issues, records, potential exposure and areas requiring further investigation.
3. Strategy
Set the strategy
We agree a clear approach to correspondence, disclosure, evidence and engagement with HMRC.
4. Representation
Represent
Where appointed to do so, we manage the tax and accounting aspects of the enquiry and communicate with HMRC.
5. Resolution
Resolve
We work toward an appropriate conclusion and help address any underlying tax or accounting issues identified during the case.
Already have an accountant?
That is not a problem.
TaxResolve can handle the HMRC investigation while your existing accountant continues dealing with your normal accounts and tax affairs. Your accountant can work with us directly, or you can contact us yourself.
We work alongside existing advisers.
Income or gains not yet reported?
Get specialist input before deciding how to respond.