Project

We helped a group of companies and individuals who were all clients of the same accountancy firm and had been convinced to join a tax avoidance scheme.

We assisted the clients in co-operating with HMRC, which led to the highest possible reductions for their behaviour related penalties. We were also able to negotiate reducing the behaviour category from ‘deliberate’ to ‘careless’ behaviour.

Outcome:

The penalties were reduced from a maximum of 70% of underpaid tax to 15% of underpaid tax. On agreeing the penalties we were then also able to assist the clients to negotiate payment plans with HMRC and are now working with the clients on an annual basis.