Financial Services Professionals – Resolving HMRC Tax Irregularities

It Happens

Even professionals working within the financial services sector — those who advise clients on money, investments, and compliance — can sometimes find their own tax affairs have fallen behind.

Long hours, client deadlines, multiple income sources, and regulatory pressures can cause personal or business tax compliance to slip.

It’s rarely deliberate. It’s usually the result of being busy, distracted, or relying on outdated advice.

That said, when HMRC becomes involved, the matter must be handled correctly, swiftly, and with discretion.

We Have Helped Many Financial Professionals – We Can Help You

If you work in financial services — whether as an independent adviser, fund manager, broker, accountant, or consultant — and are facing HMRC enquiries, tax arrears, or late filings, we can help you resolve matters confidentially.

We specialise in assisting financial services professionals with:

• HMRC voluntary disclosures and historic tax correction
• Self-assessment and corporation tax irregularities
• VAT errors and regulatory reporting issues
• Offshore income or investment disclosures
• Negotiating Time-to-Pay arrangements with HMRC
• Minimising penalties, surcharges, and reputational impact

We act for you — not against you — liaising directly with HMRC to reach fair, practical outcomes while protecting your career, your licence, and your professional standing.

It’s More Common Than You Think

HMRC issues among financial professionals are more frequent than people imagine.

Over-complex structures, multiple income streams, or outdated tax planning can all cause unexpected non-compliance.

Sometimes, the same skills used to manage client portfolios are turned inward — delaying the decision to seek help. But experience shows that early engagement produces far better results than waiting for HMRC to make the first move.

We’ve helped financial advisers, mortgage brokers, and wealth planners who thought their situation was unfixable. It never was.

What Do Serious HMRC Issues Look Like in Financial Services?

They vary — but commonly include:

• Unfiled personal or corporate tax returns
• Misreported commission income or dividends
• Offshore income not declared in the UK
• Incorrect treatment of allowable expenses
• VAT errors on advisory or consultancy services
• Legacy schemes that are now under HMRC review

HMRC typically treats cases involving more than £50,000 in potential recovery as “serious” — but with proper disclosure and negotiation, penalties can often be significantly reduced.

Why Financial Professionals Delay Acting

It’s often fear of embarrassment.

Advisers and accountants are used to helping clients stay compliant — not explaining their own lapses.

That sense of irony, combined with worry over reputation or regulatory consequences, can lead to months or years of avoidance.

But ignoring the problem is always worse. Once HMRC begins formal action, options narrow. Acting first gives you control — and often, a far better outcome.

We handle these matters discreetly, keeping your professional position and confidentiality at the forefront at all times.

The Real-World Impact

Tax disputes go beyond numbers. They can affect your FCA registration, client trust, business continuity, and mental wellbeing.

We understand the high-stakes environment you operate in. Our focus is to bring structure, calm, and closure — so you can move forward personally and professionally with full compliance restored.

There Is Always a Solution

Whether your case involves personal tax, corporate filings, or historic VAT irregularities, there is a structured path to resolution.

Here’s how we help:

1. Confidential review of your tax and compliance position.
2. Voluntary disclosure to HMRC (unprompted where possible to reduce penalties).
3. Direct negotiation with HMRC to agree settlement and, if necessary, a Time-to-Pay plan.
4. Post-resolution support to maintain future compliance and prevent recurrence.

Our experience handling high-value, regulated, and sensitive cases allows us to achieve the best possible outcome — while protecting your reputation and professional future.