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| We have teams working on tax compliance and planning for the benefit of individuals and businesses.
We can help you with all or any of your compliance needs - including the ever increasing requirements to file returns on time (with automatic penalties if you are late), pay your liabilities promptly (with interest and surcharges if you delay) and to be an unpaid tax collector for PAYE, tax, national insurance contributions, VAT, etc.
If your returns are completed incorrectly then Inland Revenue or VAT office enquiries may result in extra tax, interest and penalties.
There are many opportunities with tax planning to reduce your tax liabilities. We have a team of specialists who are able to spot opportunities and implement tax saving ideas whether you are concerned with income or corporation taxes, VAT or PAYE, capital gain or inheritance taxes. Good advice at the right time can save you money.
Some of the many areas we can assist you with are:
Personal tax planning, completion of tax returns
Benefits packages, remuneration planning, employment taxCorporation tax compliance and planning
International tax planning
Taxation advice to medical practices and regulated businesses
Partnership tax
Trusts and estate (inheritance tax) planning
Retirement planning and capital gains tax
Value added tax, preparation of VAT returns, VAT planning, VAT healthchecks
Inland Revenue investigations
NEW DISCLOSURE OPPORTUNITY (NDO)
HM Revenue & Customs have announced a new opportunity for taxpayers with undisclosed tax liabilities linked to an offshore account to make a voluntary disclosure. This follows a previous disclosure facility offered in 2007.
HM Revenue & Customs information
In 2007 HM Revenue and Customs obtained information from five major UK banks about offshore accounts and provided a limited opportunity to make a voluntary disclosure.
HM Revenue & Customs have now obtained information from more banks and financial institutions, so they are offering a second and last opportunity to make a voluntary disclosure.
Intention to disclose
Anyone wishing to make a disclosure must notify HM Revenue & Customs of their intention by 30 November 2009.
Disclosure deadline
Actual notification and payment must be made by 31 January 2010 (on paper) or 12 March 2010 (online).
Penalty
Providing you make a full disclosure of all undeclared liabilities the penalty will be fixed at 10% of tax underpaid. In other circumstances HM Revenue & Customs can charge a penalty up to 100%.
Our service
Please contact Graham Sillett on 01603 663300 or at gms@lovewell-blake.co.uk to arrange an initial free meeting to discuss any potential liabilities you might have. We will then agree a fee with you for preparing a voluntary disclosure.
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| | | | | | Tax Partners
Graham Sillett, Norwich
Simon De-Lacy Adams, Great Yarmouth
Mark Haylett, Lowestoft
Colin Fish, Norwich
Tax Managers
Tim Bash, Norwich
Andrew Miller, Norwich
Mark Hannah, Norwich
Colin Chamberlain, Thetford
Kevin Bunting, Great Yarmouth and Norwich
VAT Manager
David Fiddy, Norwich
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