Like any other discipline, tax responds as well to good planning and control as any other business cost. We believe that all clients, be they individuals or companies, are different and need individual tax strategies. These strategies ensure that liabilities are known in advance and that maximum benefit is derived from allowances through forward planning. They also ensure that all tax matters including preparation and filing of tax returns are dealt with in time in order to avoid last minute rush and hefty penalties and interest.

Tax Investigation Work & Support

Over the past 25 years, we have amassed considerable experience and expertise in dealing with the Inland Revenue in back-duty and tax investigation cases. Frequently we are able to seek timely and non-protracted conclusion of investigations with considerable savings to our clients. We are also frequently asked to supply advice and support to other tax practitioners.

Overseas Residents

We assist a number of expatriates and overseas residents who have UK investments. Normally this involves letting UK property whilst the owners, individuals and companies alike, are abroad.

We have extensive experience in dealing with the Inland Revenue's FICO section. We can assist in obtaining necessary clearance to receive rents without deduction of withholding tax. We complete tax returns and advise on the best tax calculation method. We do, of course, liaise with the letting agents in obtaining the necessary information

Income Tax Returns

Income tax affects all individuals whether they are employed, self-employed or in a partnership. Under the new self assessment system it is the tax payer's responsibility to ensure that tax returns are completed correctly and in time.  Inland Revenue can enquire into any return  submitted  for up to one year after the due date for filing. Penalties apply if the returns are submitted late. This could also lead to interest charge on late payment of due tax.

It is essential that the correct tax allowances and expenses are claimed but this need not be a worrying chore. We are fully computerised in every respect and use our in-house facility to prepare Self-Assessment tax returns for many hundreds of clients. However, if you only need our assistance to complete your personal tax return this too can be arranged for a nominal fee.

Corporation Tax Returns

With the recent introduction of Self-Assessment regime for companies too, stringent measures relating to late filing of returns and late payment of on account and due tax now apply. There are also new complicated rules for large taxpayer companies.

We at Haider Naqvi & Co have considerable experience spanning well over 25 years in dealing with all aspects of Corporation Tax. We also deal with foreign resident companies with assets in the UK. 

VAT

VAT is the major indirect tax. We advise businesses on VAT regulations. We can assist the business in a number of manners in matters relating to this complex area of taxation including but not limited to consultation and advice in various aspects of VAT law and processing of the business information and records for preparation of VAT summaries and completion of periodic VAT returns. 

In addition, we can utilise the work undertaken in compiling the VAT return when completing the annual accounts and this should help to reduce our charges for this work.

e-mail: tax-consult@haider-naqvi.co.uk

CONCEPT HOUSE225 HALE LANEEDGWAREMIDDLESEX HA8 9QFUK
Tel: +44 (0)20 8958 8015Fax: +44 (0)20 8958 8535e-mail: info@haider-naqvi.co.uk