Contractual Disclosure Facility Explained
UK experts help their clients weather the storm
April 13, 2017 ( datsyn.com) – A UK-based tax specialist has helped thousands of business owners to navigate all manner of issues during the last few years. They offer services for companies and self-employed people who might require extra assistance. It’s at this time of the year when workers and entrepreneurs are more likely to become a victim of an investigation. When that happens, they often have to spend thousands of pounds to keep HMRC happy. However, sometimes they have no choice other than to admit they’ve tried to commit some fraud. In many instances, the tax authority will offer the use of their contractual disclosure facility . That’s one step down from being prosecuted. The experts at Gilbert Tax understand the ins and outs of the process.
On top of that, new national minimum wage laws have resulted in potentially lots of businesses underpaying employees. HMRC are investigating cases where they believe this to be the case and back-claiming tax on this underpayment.
In most instances, people can only use the contractual disclosure facility if they meet relevant criteria. Firstly, the suspected unpaid tax due to fraud must exceed £75,000. Secondly, they might be willing to cooperate 100% with HMRC. The offer of using the facility is made by the authority. Workers and business owners have a given timeframe in which they must accept or refuse the offer. It is always wise to accept because it stops them from becoming the victim of a criminal prosecution. So, the services provided by Gilbert Tax are essential for anyone in that position.
Founded in 2004, the company has assisted thousands of UK people to weather the tax system. They can help with all manner of issues that businesses and self-employed workers might encounter. Getting in touch with them early when something goes wrong is critical. Time is of the essence, and sometimes acting fast is the only way to find a solution. The dedicated team of professionals working for this brand strives to satisfy every client they meet. That is why they have gone from strength to strength during the last few years. It’s also why many new customers discover them through word of mouth recommendations.
When it comes to tax problems, there is no better group of specialists on the market today. Gilbert Tax can help people to find beneficial solutions in a broad range of different circumstances. However, they focus their efforts on tax investigations, tribunals, and contractual disclosures.
To learn more about Gilbert Tax and how they could assist with issues, visit their website today. Anyone who wants to speak to the team can also use the contact details published below. Their friendly team will discuss the problem before giving information and advice on the best route forwards.