Avoiding tax penalties
Recent changes to the tax penalty regime mean that the way the taxpayer responds to enquiries can have a significant impact on any tax fines imposed - even where any errors are completely innocent. It is therefore more important than ever that you take appropriate professional advice to ensure not only that any additional tax exposure is minimised but also that penalties are mitigated as far as possible.
Tax may also be an issue for individuals who are not required to file a Self-Assessment Tax Return. One-off transactions often result in tax compliance requirements and it is often necessary for tax reporting to be considered even where Tax Returns are not required.