Wealth Management – Resolving Complex Tax Issues with HMRC

It Happens

Even the most financially sophisticated individuals can face unexpected tax problems.

For wealth managers and high-net-worth individuals, managing multiple assets, trusts, investments, and income sources often leads to complex tax positions.

Sometimes, returns are missed. Sometimes, advice from the past was wrong. Sometimes, things simply fall behind.

It rarely comes from bad intent — just busy lives and complicated affairs.

But when HMRC becomes involved, it must be dealt with quickly, carefully, and correctly.

We Have Helped Many in the Wealth Management Sector – We Can Help You

If you are facing HMRC enquiries, unfiled tax returns, or issues with offshore income or investment reporting, we can help you regain control.

We specialise in resolving tax problems for wealth managers and private clients, including:

1. HMRC voluntary disclosures (unprompted or prompted)
2. Offshore income and asset reporting under UK rules
3. Capital Gains Tax and investment income corrections
4. Trust and Inheritance Tax compliance
5. Negotiating Time-to-Pay arrangements with HMRC
6. Minimising penalties, surcharges, and interest

Our team works discreetly on your behalf — assessing your position, communicating with HMRC, and securing the best possible outcome while protecting your reputation.

It’s More Common Than You Think

Complex wealth management structures naturally create complex tax positions.

It’s not unusual to discover historic errors or missing filings, especially where multiple accountants, banks, or investment platforms have been involved.

Over the years, we’ve assisted many professionals and high-net-worth individuals to resolve serious HMRC tax issues — often before they escalated into full COP8 or COP9 investigations.

You are not alone in this. What matters is taking the first step to correct it.

 What Do Serious HMRC Tax Issues Look Like in Wealth Management?

Typical examples include:

• Unreported offshore income or foreign investment gains
• Capital Gains Tax miscalculations on share portfolios or property sales
• Failure to report Trust or Inheritance Tax liabilities
• Misuse of reliefs, allowances, or investment schemes
• Unfiled self-assessment tax returns for multiple years

HMRC views any potential recovery exceeding £50,000 as a serious case — but with experienced handling, penalties and exposure can be significantly reduced.

 Why People Delay Seeking Help

The reasons are deeply human: fear, pride, and confidentiality.

Many professionals feel they “should have known better” and therefore delay taking action.

But the truth is — tax problems don’t fix themselves. They grow quietly in the background, increasing both the financial and emotional toll.

We understand this. Our job is not to judge, but to protect — to give you calm, professional guidance and a clear route back to compliance.

The Impact of Tax Disputes

Tax disputes affect more than your balance sheet. They impact mental health, relationships, professional confidence, and future financial plans.

For wealth managers, unresolved HMRC issues can even affect regulatory standing or client trust.

Our goal is to resolve matters efficiently, preserve your reputation, and restore your sense of control.

There Is Always a Solution

Whether you need to make a voluntary disclosure or respond to an HMRC investigation, there is always a structured way forward.

Here’s how we help:

1. Confidential review of your tax position and potential exposure.
2. Preparation of voluntary disclosure (unprompted where possible).
3. Direct negotiation with HMRC to minimise penalties and agree fair settlement.
4. Time-to-Pay arrangement, if needed.
5. Ongoing compliance support to prevent future problems.

With years of experience managing high-value and sensitive cases, we know how to engage HMRC effectively and discreetly.