Do you have a tax dispute?
Every year thousands of people and companies have disputes with HMRC over tax – it could be due to the late submission of tax returns and hence fines incurred or miscalculations by the Inland Revenue or yourself and perhaps even being taken to court for tax evasion/fraud. Whatever your tax dispute the essential thing to do is firstly find a local solicitor with expert knowledge in tax litigation and dispute handling through conducting a search on taxsolicitors.net you can also locate them through Solicitor Search Network.
Having found a tax solicitor you can then establish the type of taxation dispute that you face, such as personal taxation issues – it can be difficult getting your tax right when you have income from several difference sources including self-employment/freelance work, pensions, investments and monies from abroad. If you have reasons for late submission of information or perceived non-compliance, you should explain to your solicitor the grounds for this and consider whether an appeal is feasible. Your tax solicitor will discuss with you the reasons why the dispute may have arisen, your rights and responsibilities and any penalties that might result from action taken by HM Revenue and Customs as well as the costs involved when trying to resolve the problem. Should you be required to attend court then your solicitor will represent you.
For business/companies the tax system can be even more complex and the likelihood of tax disputes increases. Depending on your turnover you may be responsible for collecting VAT, claiming the correct amounts of VAT back on the inputs into your service/product whilst allowing for the different rates of VAT depending on what that input is. Companies are required to pay corporation tax, and payment of tax when issuing dividends to shareholders etc. As an employer you also have to deal with collecting your employee’s tax and national insurance contribution in accordance with HMRC guidelines plus other stoppages and employer’s contributions also. Where companies trade in other countries as well as the UK they will need guidance on cross-border tax issues.
Taxsolicitors.net are able to provide UK companies with all the legal guidance required for company tax disputes and will keep you informed of all current tax regulations and the implication of any changes. By having good links with other professionals such as accountants and other tax specialists you can be assured of the best service possible.
