We can take away the stress and worry of complying with your tax return obligations. Our team specialises in preparing and submitting tax returns for high net worth individuals, entrepreneurs, professionals and executives, those with international aspects to their lives, UK trusts and offshore trusts and companies.
You will be required to submit a tax return to HMRC if you have:
- been issued with a tax return by HMRC
- self employment income
- income in excess of the basic rate band
- director's benefits
- a claim to be made for tax relief regarding pensions or other investments
- a liability to the high income child benefit charge
- UK rental income
- a capital gain in excess of the annual exemption
- foreign income
- anything else which could give rise to a tax liability.
We can help to guide you through the complicated rules and legislation that make up the self-assessment regime.
What we can offer our clients
We provide a highly tailored service to our clients. We can:
- prepare all types of UK self-assessment tax returns for UK/non UK individuals, trusts, partnerships and companies — ranging from basic tax repayment claims to very complex returns
- liaise with HMRC concerning your tax affairs
- liaise with tax advisers in other countries to provide a joined-up service (either with specific advisers or through our membership of the Nexia global network of advisers)
- collate information from third parties in order to complete your return
- calculate your tax liability (or refund), and notify you in advance of any payments becoming due
- review your personal and financial affairs to optimise your tax position in the UK and abroad
- deal with post-submission issues and HMRC enquiries and investigations
- advise on your disclosure obligations
- give advice on how to use the available tax reliefs and allowances.
Tax investigations services
HMRC has been increasingly focused on enquiry and investigation work in recent years, collecting additional compliance revenue of over £9.8bn from taxpayers in 2014/15. Dealing with these enquiries, checks and campaigns can be expensive.
In order to help our clients protect themselves from the financial burden of the professional fees during a tax investigation, or other HMRC check, Smith & Williamson LLP offers a tax investigations service to clients for whom we prepare and submit returns. This is an annual, optional subscription service, which provides protection from defence costs of up to £75,000 in the event that you are selected for an investigation.
Your dedicated adviser
You will be looked after by your lead partner and a suitably experienced member of staff who will be available to discuss any tax-related queries you may have.
Other services from Smith & Williamson
Our clients can also access the wide range of other services available from Smith & Williamson, including:
- investment management
- private banking
- pensions and personal financial planning
- trustee and executorship services
- fund administration
- corporate tax and VAT services
- corporate finance
- restructuring and recovery.
Our broad range of expert resources allows us to offer a personalised service that will enable you to sleep soundly at night.
We have taken great care to ensure the accuracy of this publication. However, the publication is written in general terms and you are strongly recommended to seek specific advice before taking any action based on the information it contains. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. © Smith & Williamson Holdings Limited 2016. code: 16/655 expiry date: 26/01/2017