Chartered Certified Accountants
Tax Investigation and Disclosure Specialists
- 020 8499 8065
- [email protected]
Property Developers Who Have Serious Issues To Resolve With HMRC
If you need help, and want help...we can help. But you need to make the first move
HMRC ALREADY HAVE THE INFORMATION ABOUT ALL UK PROPERTIES
Please remember that HMRC have constant access to Land Registry data and they are able to identify all properties owed by one individual, or by companies owned by one individual.
Since 2000 there has been a significant increase in private individuals in the UK who have become property developers.
Most of these individuals and their companies will have sorted their affairs with HMRC, but many will have failed to do so.
It is only a matter of time until HMRC catch up with property developers who have not declared their property dealings to HMRC.
It is never took late to come forward, and certainly always better to come forward rather than wait for HMRC to knock.
The Solution
There is a possible solution, but it involves coming forward, and telling the truth, the whole truth, and nothing but the truth, by way of an unprompted voluntary disclosure to HMRC.
In relation to this disclosure, no one (including property developers), are their own best clients.
Dealing with serious historic tax and/or VAT issues is completely different to rectifying recent arrears. Experienced tax specialists need to be engaged to carry out the disclosure to HMRC together with all pre/post investigative work and related reporting.
What Prevents Property Developers Coming Forward?
In our experience it is the misplaced combination of fear and shame.
Unquestionably, this affects the mental health of many property developers. Some develop a sense of paranoia wondering who knows what and imagining various scenarios. This, in part, fuels the fear of HMRC’s reaction, and more so in instances where they may have been previously adjudged bankrupt.
Resonate?
If you have read this far there is a high probability that the content above has struck a chord with you.
If so, and provided you have made up your mind that you want to resolve your VAT/Tax noncompliance, then please get in touch.
We recognise that contacting us and speaking openly about something that you have never spoken to anyone about … is a huge step. There is no doubt about that, but can it really be worse than the years of constant anxiety about “the brown envelopes” or the knocks on the door at home or at the office?
Next Steps
It is always better if HMRC are contacted before they contact you.
Initially, we would arrange for an unprompted notification to HMRC of a voluntary disclosure to be submitted on your behalf in relation to VAT and self-assessment tax noncompliance.
We then make the full disclosure on your behalf within 90 days thereafter (longer time can usually be negotiated with HMRC if required).
If HMRC have already been in touch with you, perhaps to arrange a VAT compliance inspection, then we can still assist by arranging notification of a disclosure, albeit prompted rather than unprompted.
Property developers who get in a mess are never their own best clients in dealing with serious VAT and/or tax issues.
No matter how serious it might be, we can always help provided we are told the complete truth, and if the person affected is committed to seeking help.
We are here to help you – not to judge.
How can Accounts Tax Group help?
Facing an investigation into your tax affairs by HMRC can be daunting, time consuming and costly.
Call us for a no obligation conversation to discuss your tax problem and see if we can assist.
We are on your side and we will protect your interests when dealing with HMRC.
Ask us for help today
- 020 8499 8065
- [email protected]
Delay makes matters worse
We will work with HMRC to resolve your issues
Ask us for help today
Accounts Tax Group Ltd
Suite 6, 186 St. Albans Road
Watford WD24 4AS
Company registration no. 13665733
ICO reference no. ZB280216
020 8499 8065
Firm ID. 5320769