WTT for ContractorsWTT 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.
Settlement with HMRC
For many, HMRC’s aggressive campaign has resulted in years of uncertainty and worry following multiple communications of varying complexity, hostility and more recently, accuracy.
Where this is the case, full and final settlement through one of HMRC’s settlement opportunities may seem an attractive proposition. It is important that the settlement is built on fair and robust principles which, in our experience, is often something that HMRC’s position lacks.
Documentation and calculations will need to be checked for accuracy, adherence to legal process, penalty provision, valid notice periods and full confirmation that future liability is removed. WTT will offer HMRC a differing analysis built on factual interpretation, tax legislation and common law principles to seek a reduced settlement position.
Following a settlement, it is important for investors to seek an exit from the scheme in a way which protects their taxable position. WTT has formulated methods for exiting partnerships in this way.
For further information on practical application of an exit please contact us.
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