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HMRC Settlements & Representation

HMRC Settlements & Representation

Today there remains no statutory definition of tax avoidance. In recent years there has been a wide range of bespoke and marketed tax planning strategies available to taxpayers. Therefore it is no surprise that businesses and individuals are frequently finding themselves under scrutiny by HMRC.

It may be the case that the taxpayer has sought specialist advice in the implementation of a tax arrangement, or may have entered an umbrella type tax scheme to mitigate a range of personal or corporate tax liabilities. It can also often be the case the reduction of tax liabilities is incidental to the main objective of the planning, therefore the line between ‘reasonable care’ and ‘tax avoidance' can become even more blurred.

Over the last decade, HMRC and the government have introduced a high number of new anti-avoidance provisions into the UK tax code in an attempt to eliminate what they consider to be ‘aggressive’ tax avoidance. Tax structures which were once considered to work are now vigorously challenged by tax authorities and this is where ICS can help with HMRC Settlements.

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In certain cases, a settlement agreement with HMRC may be the best option.

ICS has experience in handling HMRC settlement negotiations and understands the workings and underlying legal principles for a range of current and legacy tax planning arrangements to assist the taxpayer in resolving outstanding tax disputes with minimal penalties.

For more information on how we can help you with representation contact us.

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