Tax
By partnering with us, you can focus on your core business activities while having the peace of mind that your tax compliance is in capable hands. Our goal is to help your company navigate the complexities of tax regulations efficiently and ensure that you meet all of your obligations while minimising your tax burden.
Corporation Tax Returns
Companies are required to file Company tax returns (CT 600) to the HMRC to declare their taxable profits. All companies must deliver their Company Tax return online for any accounting period ending after 31 march 2010 together with the tax computations and the accounts which must be in Inline Extensible Business Reporting Language (I XBRL). When HMRC sends a notice to deliver a Company tax return other than CT 600 for the organisation which includes clubs, associations, societies and other incorporated bodies, we prepare and submit the Corporation tax return for the organisation.
Tax Planning
Careful tax planning removes tax barriers from business goals. It helps you to plan your overall business structure and operations to minimise corporation and income taxes.
At Sawhney Consulting we aim to offer clients the highest quality of professional advice in a timely manner and simultaneously build and maintain close client relationships.We can help you understand taxation issues and show how you can keep more of what you earn. At Sawhney Consulting, we specialise in:
- Company Tax - Corporation tax
- Personal Tax
- Tax Planning
- Tax Compliance
- Capital Taxes including capital gains tax; inheritance tax
- Inheritance Tax (IHT)
- Self-Assessment Tax Return for Individuals
- VAT
- Off Shore Trust and Tax Planning
HMRC Enquiries & Investigations
We have a specialized team dedicated to handling HMRC enquiries and investigations, with a proven track record of exceptional success. Our services include the following areas:
General HMRC enquiries
- Company Tax - Corporation tax
- Self-Assessment Returns
- VAT Investigation
- Payroll (PAYE) investigation
Worldwide disclosure facility
The Worldwide Disclosure Facility (WDF) is a voluntary disclosure process with HMRC for UK taxes related to offshore matters which was established in 2016. Under the Common Reporting Standard (CRS), HMRC receives financial information from over 100 different countries and this information is used to check against the declarations made by UK taxpayers to identify potential offshore non-compliance. An example would be where a taxpayer has filed tax returns containing inaccuracies in relation to offshore irregularities or where a taxpayer has failed to notify chargeability to tax, and hasn’t filed a tax return declaring offshore income, profits and/or gains.
We represent taxpayers in their dealings with HMRC, guiding them through every step of the WDF registration process. This process notifies HMRC of your intention to make a disclosure. We prepare and submit the disclosure, detailing any unreported income and/or gains, along with the associated tax, interest, and penalties, aiming to minimize your exposure to unnecessary costs. If needed, we can also negotiate a time-to-pay arrangement that suits your financial situation and personal circumstances.
Let Property Campaign:
The Let Property Campaign (LPC) is an HMRC initiative designed to help residential property landlords disclose their taxable profits and pay the correct amount of tax. With extensive experience handling LPC claims, we can guide you through the entire process, from notification to calculating rental profits, determining the interest due and ensuring that respective UK taxes on your property assets have been correctly declared and paid.
HMRC Fraud investigations:
If you have received a code of practice 9, code of practice 8 Letter or any VAT enquires from the HMRC please contact us, our expert team will handle the HMRC inquiries to minimize your exposure to tax or penalties and advice you on how to survive with an HMRC investigation.
Research & Development (R&D) Claims
There are different types of R&D relief depending on the size of the business and whether the project has been subcontracted. We submit the claim for SME R&D Relief and the Research and Development Expenditure Credit.