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We can advise you on the tax implications of organising your affairs in different ways.-

• Endowment policies - a potential tax charge.
• Inheritance Tax - are you doing what you can now?
• Inheritance Tax Plan - take the family home out of the IHT chargeable Estate.
• Inheritance Tax Trap - how to give the Exchequer £105,200 if you wish.
• Interest in Possession - it is not yours but it is.
• Giving - is it effective?
• Capital Gains Tax - using your Annual Exemption.
• Taper Relief - a potential tax saving.
• Enhanced Capital Allowances - what qualifies as Energy Saving Plant and Machinery?
• Pension Contributions - are you making the most of the tax provisions?
• Reducing NIC - yes it can sometimes be done.
• Expense payments - who incurred the liability.
• Investment Income - who should own the investment?
• Main Residence Exemption - more than one?
• Section 419 - you can avoid it if you know how (and what it is).
• Tax Credits - if you are eligible, you will need to claim.
• VAT - do you understand this simple tax - talk to us before your next project.
• VAT Flat Rate Scheme - will it make a saving for you?

Failing to report all your income, and false accounting, are tax evasion.  It has always been illegal.

Tax avoidance involves organising your affairs in a way which incurs a lower tax charge than some alternative.  The full facts are disclosed to the Inland Revenue.  It is legal, although recent government policy has suggested some tax avoidance is unacceptable.  We believe you should know the tax implications before making a decision.

The Inland Revenue publishes its guidance manuals for Inspectors at http://www.inlandrevenue.gov.uk/manuals/index.htm.

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