Tax Compliance and Self-Assessment Returns Support

Having support for tax compliance and self-assessment returns is both reassuring and time-saving. We will guide you through all your obligations, ensure your tax returns are completed correctly and on time, and help if there’s an enquiry from HMRC. 

Jill

Jill Walker

Private Client Partner

Who we can help

  • ENTREPRENEURS
  • HIGH NET WORTH INDIVIDUALS
  • INTERNATIONAL PRIVATE CLIENTS

How we can help

  • PERSONAL TAX
  • PRIVATE TAX COMPLIANCY
  • TAX DISCLOSURE ADVICE

A TAX SERVICE THAT HELPS YOU SLEEP WELL

Speak with our team

There’s much more to tax compliance than submitting your annual tax return. From our perspective, it’s an important opportunity to look behind the numbers and recommend any tax planning strategies to mitigate your short and long term tax exposure.  

Our dedicated tax advisors will take the time to get to know you, so you can benefit from relevant advice that’s appropriate to your circumstances. Beyond ensuring you meet all your statutory obligations, we’ll identify tax saving opportunities and give you the confidence that you’re paying the right amount of tax, now and in the future. 

SUBMITTING YOUR RETURNS ACCURATELY AND ON TIME

Completing Self-Assessment Returns is probably not your favourite activity, so we’ll relieve you of that burden, at the same providing the reassurance that your liability has been accurately calculated, all appropriate reliefs are claimed and that you are compliant with deadlines for submitting returns and making payments to HMRC. 

As tax becomes more digitised and HMRC increases its scrutiny, so there’s a greater risk of incurring penalties if there are mistakes in your Return or something is overlooked. Our experts’ attention to detail will pick up any errors and, by checking statements from HMRC and reviewing your tax codes, highlight any discrepancies on their part, which we will then discuss with them. 

Ask us for help with your tax returns
  • We have an excellent relationship with AAB formed over 7+ years. Their accounts and tax compliance services are thorough and efficient, and the specialist tax planning advice we have received has been first class.

    Stanley & Evelyn Morrice

  • I have been a personal tax client of AAB for a number of years and in that time they have guided me through the tax return process and provided me with specialist advice relating to my non-resident tax position.

    Peter Williams

  • They keep up to date with the changing tax landscape and always present things in a clear and understandable way. I would recommend their services to anyone.

    Peter Smith

  • I'm impressed with the “all under one roof” service offered by the private client and AAB Wealth teams, I now have great working relationships with various advisers within the Group. I, and my family, have complete peace of mind.

    Niall Webster

TRANSPARENCY IS THE BEST POLICY

HMRC is understandably very active in clamping down on tax avoidance schemes. This should not make you reticent about taking advantage of reliefs that are available to benefit from tax efficiency. We’ll explain your obligations to disclose any tax planning  and capital transactions to HMRC and complete all the paperwork required. 

Although we are never afraid to question HMRC’s decisions if we think they’re wrong, we nevertheless have a good working relationship with them. This helps eliminates doubts for both them and you, and means any disputes are resolved as quickly and smoothly as possible. 

Talk to us about private tax compliancy

SOFTENING THE IMPACT OF TAX DISCLOSURE

Sometimes we discover that a client has underpaid tax or failed to pay it at all. If this happens, the best course of action is to disclose it to HMRC voluntarily. Whilst the tax must still be paid, the penalties applied can be lower and as the case is resolved more quickly, the fees involved will be lower too. 

If it’s HMRC who discover that tax has been underpaid or unpaid, there are greater consequences. The penalty for avoiding tax by using offshore schemes could be up to 200% of the tax due, and there’s the potential reputational stigma of HMRC’s ‘Name and Shame’ policy. In this case, it’s also best to make a disclosure as soon as possible. We can provide HMRC with a full, detailed disclosure which should reduce penalties, and if necessary, we can negotiate with HMRC to achieve the best possible outcome. 

Need advice on tax disclosures? Get in touch

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