Contractor TaxWTT Consulting is able to offer contractors, freelancers and their agents impartial and straightforward review and assessment of the their tax portfolio and the likely outcomes of any past, current and future issues. Our legal and financial offerings ensures an all-round service and a straight-forward approach to your affairs.
HMRC are all too aware that for contractors the cost of engaging professionals to defend an assessment is more than the tax claimed. With this in mind challenging can seem illogical. This is why we have developed WTT Big Group, an action group of current and ex-contractors directly affected by historic enquiries based on hindsight and proposed legislative changes impacting the future working practices. By mobilising a collective voice developing a strategy for resolving historic enquiry in a fair and proportionate manner, we harness the power of many people striving for a common objective.
The primary objective of the group is to provide a tax analysis and consequent settlement with HMRC, which is fair and reasonable for both parties. This is not limited to the tax position only but extends to agreement in respect of any obligations or rights that still exist, such as loans. This is essential in order to reach overall finality following recent budgetary announcements indicating that all outstanding loans received via an EBT will be taxed as income on 5th April 2019.
For more information or to join Big Group please view the relevant page here
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WTT really is a life line in what can only be described as a nightmare situation. I know there will be more brown envelopes dropping through the door, but I have faith that WTT will come through with the settlement.