Monthly Archives: February 2013

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The role of finance lawyers in tax investigations

Anyone can cringe at the idea of having a tax investigation. It is definitely one of the most stressful things in life. It is necessary to find a specialist in helping you in resolving tax investigations and give you some peace of mind. Things like investigations, enquiries, disputes as well as conflicts can affect you not only mentally but also with many other aspects of your life. The HM Revenue and Customs are very stringent when it comes to these tax issues and that is why it is necessary to be aware about your situation and seek help from a professional finance lawyer to help you should you be under investigation for your tax activities.

Finance lawyers often deal with cases from sole traders as well as large corporates, and even trustees or partnerships. Should there be some inconsistencies with the past tax payments, the finance lawyer will shoulder the pressure, and help these entities to find better ways to handle the situation and avoid sanctions that could affect their business, employees and their reputation. Through the help of a finance lawyer, the client need not to have contact with the HMRC since he or she will represent the client and fight hard to ensure that the tax penalties will be fair and not make the matter too complicated for both parties. It is necessary to have a team of professionals who will make an exhaustive analysis of the tax history of the client and they will analyze every detail to avoid serious problems in the future.

One of the most popular ways a lawyer can give to the client is preparing voluntary disclosures and paying the necessary amounts to ensure that they pay their dues and not be subject to more serious legal sanctions. They also help in resolving tax investigations and deal with tax enquiries for different entities.