Fairford Tax Consulting
Our professional tax consultant service and expert advice can help guide you
through the most daunting of tax problems.
Our professional tax consultant service and expert advice can help guide you
through the most daunting of tax problems.
Tax Consultants working with you for the best result
Supporting both accountants and clients directly. Whether you are proactively looking to assess and mitigate potential tax related risks, or you (or your client) currently have an HMRC enquiry, we are here to provide support and assistance.
We have a wealth of experience in: IR35; off-payroll; employment status; agency legislation; the construction industry; managed services legislation; HMRC tax investigations and HMRC information powers and penalties. Essentially, areas commonly arising in HMRC disputes.
We have seen significant changes to IR35/off-payroll rules in recent years. Never has it been more important to know how IR35 will affect your business to ensure tax compliance and provide peace of mind should HMRC investigate. Whatever your business’ position in the contractual chain, if an individual is providing services through their own limited company (PSC), or partnership, your responsibilities could change with effect from 6 April 2021. With a wealth of experience specialising in IR35 we can help you identify your responsibilities and assist you in fulfilling them, leaving you safe in the knowledge you are prepared should an HMRC challenge arise.
Operating a business in the construction industry brings with it the added burden of compliance with the Construction Industry Scheme (CIS). Non compliance could lead to crippling penalties and/or loss of gross payment status; putting your business at risk. Get the advice you need to mitigate a risk which has the potential to affect the longevity of your business.
Whether you are considering engaging individuals on a self employed basis, or wish to review existing self employed engagements, getting employment status wrong can be costly to your business. If HMRC believes individuals have been incorrectly self employed, they can seek tax, national insurance, interest, and potentially penalties from the business going back a minimum of four years. Employment status challenges can arise not only from HMRC, but also from the individuals. Getting advice from our experts who have considerable experience in defending employment status challenges (from HMRC enquiries to the Tax Tribunals) can leave you safe in the knowledge you are prepared should you be required to defend your employment status decisions.
If agreement cannot be reached between you and HMRC, the matter will ultimately be resolved at a tax tribunal. While this may seem daunting, our experts are experienced in tax tribunal representation and so can support and guide you through the process.
Many tax related penalties are dependent on behaviour. If you understand when HMRC can charge a penalty, you can mitigate your risk of penalties by having simple procedures in place to suit your business. If HMRC has contacted you for information, has opened an investigation or issued a Notice, your first action should be to check HMRC are entitled to request the information.
Alternative Dispute Resolution is a mediation process available in most enquiry cases where agreement cannot be reached between you and HMRC during an investigation. Our experts have first hand experience of the process and can advise you if this route could be beneficial to you.
Fairford Tax Consulting
Whether you are looking to review your contracts and/or working practices, put written contracts in place, review tax compliance associated with your business, or require assistance with an HMRC investigation or compliance check, we can provide you with advice and support.
Fairford Tax Consulting
We have a wealth of experience advising clients on tax compliance and mitigating risk as well as defending HMRC challenges, from the enquiry stages right the way through to representation at the Tax Tribunals where necessary.
Our expertise and breadth of experience means we can support you at every stage: from reviewing supply chains and advising on due diligence in order to mitigate exposure to tax risks; to defending investigations at HMRC enquiry level, and if required, at Alternative Dispute Resolution (ADR) and the Tax Tribunals, meaning that you would not need to look elsewhere should you be faced with such a prospect.
We believe this experience is a valuable one, enabling you to work with someone who knows the detail of your case through to its conclusion and therefore able to put forward the best possible defence for you, or your client.
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