Taxation – Personal Tax and Corporate Taxation

The subject Taxation impacts virtually all of us in private and Business Life. Tax Is Seldom Black and white and every Business decisions have tax implications. To ensure that you are fully aware of how UK Tax rules and regulations might help business, just ask for Tax Specialist at Daniel Chartered Certified Accountants .

Our Experience

We have working knowledge and in depth understanding of of UK Taxation and rules governing it.

From our clients experience it seems that tax planning that underlines their prevailing situation as a whole – a ‘ quick fix’ that works advantageously for one tax may not to be compatible for others and might not fit .

Daniel Consultancy can provide you with neutral, integrated solutions covering liabilities for all forms of Tax in the UK.

Our close working partner HMRC, we have professional relationship and regular communication. HMRC, with more powers vested in them and the new working methods presents big challenges to business to which we take in to account when giving tax advise to our clients.

Corporate Tax

Your Business might be a small company, medium sized companies to large multinational organisation your corporate tax needs to be formulated well in advance covering routine compliance checks alongside your business strategies as per your particular sector and business circumstances.

The whole process incorporates tactical decisions and complicated strategic considerations, full consideration given to eventual impact of taxation on transaction costs and investment decisions.

To take ownership and accountability, it’s crucial that you pass on all the relevant information that will enable us to identify issues in good time and the expert advice will be generated from our tax expert whih will then be facilitated in the business process.

At Daniel Consultancy can help you plan a tax efficient approach to every aspect of your business to protect the interests of stakeholders.

Our expertise lies in looking after the interests of corporate entities from scratch to growth:

  • Start ups ( providing Tax advice)
  • Expansion and investment ( Tax implications)
  • Acquisition and disposals

Compliance

HMRC expect businesses to fully comply with tax laws and get your tax position right in a profoundly complex environment. HMRC operates on a risk based approach and expects business to get their tax laity right or face penalty. Our Corporate tax compliance services Includes:

  • Preparing and submission of tax computations using HMRC approved software for online filling
  • Giving advice on specialist areas such as , capital allowance, on buildings and submitting relevant claims on your behalf
  • Initiating formal agreements of your returns and tax liabilities with HMRC as well as managing the interface with HMRC on a day to day basis.

Irrespective of the type of the business entity you are carrying on, Daniel Consultancy can provide expert service to cover tax compliance issues to accommodate your business needs.

Personal Tax

Safeguarding your wealth is a top priority for most people; we can protect your family’s interest by devising effective tax planning.

Our in house Tax expert can advise you on every angle of your tax position, from dealing with your self assessment tax return to advising on capital gain tax, wills and inheritance tax planning.

We advice our clients to be flexible with regards to Tax planning: what works today may not work in ten years time. We will constantly review your tax planning to facilitate to ever changing tax legislation.

Our service will primarily cover the following Personal Tax areas:

  • Preparing and submitting your self assessment Tax Return
  • Computation of Capital gains and the associated tax planning
  • Inheritance tax planning and wills
  • Financial management/ Wealth management
  • Exit and Succession planning.

Tax Investigation management services

A Tax investigation by HMRC can be very troublesome and expensive: That’s why we aim to resolve matters efficiently and productively and secure the best outcome for individuals and businesses. We solve all disputes in a proactive manner because we know how the Taxman thinks.

Hot Topics in Tax Investigations

HMRC encourages voluntary disclosures

HMRC is responsible for making sure that taxpayers comply with tax legislation but recent indicators show a renewed emphasis on ensuring that everyone complies. HMRC officers are assigned with identifying and tackling Individuals, Partnerships and companies who receive income or gains and are not declaring it. Through the use of sophisticated technology, HMRC investigations are becoming more fruitful and effective.

Contractual Disclosure Facility

By Virtue of code (COP9), HMRC carries out investigations where they suspect possible tax fraud. Under this code HMRC gives taxpayer the opportunity to make full disclosure under a contractual arrangement, called the Contractual Disclosure Facility (CDF)

Switzerland

The UK and their Swiss counterpart formed a bilateral agreement which became effective from 1 January 2013 and the first tax payment in respect of undisclosed tax liabilities for previous years was made on 31 May 2013.

HMRC regularly investigate HSBC Swiss account holders using Code of Practice 9 (COP9) Contractual disclosure facility. Historically such investigations have only been used where HMRC is Absolutely certain that a disclosure of irregularities will be made.

However, it seems a common practice for HMRC to use COP9 in more thought provoking circumstances and to make sure that such account holders do not take advantage of the Liechtenstein Disclosure Facility.

Liechtenstein Disclosure Facility

The Liechtenstein Disclosure Facility (LDF) was formally introduced in 2009 following an Bilertal agreement the Government of Liechtensein and HMRC respectively. Since the original Memorandum of Understabding was signed in August 2009 there have three joint declarations published which simply and add to the terms of the original Memorandum of Understanding.

This proved to be a successful campaign of the LDF since it was introduced that the deadline for making disclosure was extended to 5 April 2016.