UK Tax Planning
Is this Legal?
When clients who have no experience of tax planning come to us for the first time most ask one question, “Is this legal?”. The answer is that the only thing that is illegal is concealing your income from HMRC and therefore evading tax, which is a punishable crime. Tax Planning however, is all legal as long as HMRC are informed of what you do. The correct question to ask is, “Does this work?”.I.e will this help me reduce my tax bill?
Does this Work?
Since a famous comedian’s father informed the press that his son used tax planning to legally avoid taxes, there has been a furor of articles concerning tax planning in the Media. However, this furor is because Tax Planning works, not because it does not work. In many people’s mind’s tax planning no longer works due to new legislation, which is simply not true. The taxation laws have always changed with every Budget for the last 30 years or more. This has not changed. Tax Planning is an evolving industry, as one door closes another opens or methods are adjusted to accommodate new legislation. Recent Media events has shown that although our political leaders condemn the use of tax planning, they all participate in it and have benefited by it. This unintentional endorsement by them has increased enquiries in recent times.
If you wish we will put you in touch with Accountancy Practises who understand and promote this tax planning to their clients. Please ask us for referrals.
What if the laws change in the future?
Anything can happen in the future and we can not control that. However, how would that affect you? It wouldn’t, but you would need to find a new method of tax planning. HMRC could not ask you for the tax back as what you did in the past worked and was legal. An example of this would be if you built a house 10 years ago and the planning laws changed so that under present laws you would not be able to do the construction had you applied to do it now. You would not be required to tear down the building as it was within the laws at the time you built it.
Our Primary Method of Tax Planning
Our primary method of tax planning, which is not classified as a UK tax avoidance scheme, has been working with 100% success for 25 years! Secondly, the Tax QC who has written the legal opinion of our tax planning is the leading tax Counsel in the UK whose advice is even sought by HMRC. We also have other mechanisms in place to make this a non-risk solution for our clients so feel free to ask us what these are.
If this is so good why Doesn’t Everyone Do this?
This is a common question we often get asked. There are infinite answers to this question but the main ones would be that if people believe the Media hype on the subject of tax planning, they will not even seek out this service. Secondly, fear of some sort of retribution by HMRC also would be a major cause even although this is generally unfounded and in our case most certainly unfounded.
Anyone who thoroughly checks out this tax planning with the correct professional advice (we encourage you to bring your accountant to the meetings) with an open mind, will participate as the up-side is so beneficial and it most certainly works and has been created by the best taxation and legal minds in the country.
CALL US NOW to see how this tax planning will improve your life on 08457 052 3787
Tax Planning and a subsequent lower tax bill will benefit you by:
Greater financial security for you and your family
A closer retirement date
More money available for investments
The ability to reduce debts
Greater and Faster Wealth Creation
Pass your entire wealth to your family when you pass away
When you contact us we will show you which tax planning will help you vastly reduce your tax bill or even eliminate it altogether. Whether you run a large corporation, work for yourself then you need to speak to us about tax planning.
Everyone’s tax situation is different and yours might not suit a standard solution. We often make bespoke tax planning solutions for our clients.
“The Tax Experts have been saving clients Millions of Pounds in Tax since 2008″