If you need specific advice on pensions, investments and other related products while we are acting for you, we will be pleased to refer you to one of our independent business contacts that will be able to provide the relevant advice.
Alternatively, where appropriate, we can introduce you to Mulberry Bow LLP, a wealth management business in which the partners of Wilson Wright have an interest.
Tax Enquiry Insurance
HMRC have continued to change their approach to enquiry work and as a result of the passing into law of the Finance Act 2008, their inspectors have far greater powers than previously. Indeed, the legislation gives them the right to enter your premises, check your records and access your computers, all with no right of appeal. The discovery of a simple unintentional error causing an underpayment of tax may lead to you incurring penalties.
We have considerable expertise in defending clients under enquiry by HMRC. If you are selected for a tax enquiry, we aim to settle it quickly and minimise the final tax liabilities. Even so, answering all of HMRC’s questions takes time and the enquiry could drag on for many months. It can cost thousands of pounds in defence of an enquiry or dispute whatever the outcome.
We have therefore introduced a tax enquiry insurance scheme for clients, where for a modest premium; you are covered for our professional fees in respect of an enquiry.
For further information, please do not hesitate to contact Michael Lerner.