Tax

Whittingham Riddell offers a comprehensive range of taxation services to individuals, family-owned businesses, companies, trusts and charities. Services range from tax compliance, such as tax return completion,  to more complicated tax consultancy advice.

When it comes to tax, you want to work with experts. The level of tax awareness and sophistication that is found throughout our firm marks us out from our competitors.  

Taxation advice is provided by all Partners, a number of whom are Chartered Tax Advisers, being members of the Chartered Institute of Taxation. Partners are supported by qualified taxation accountants and consultants, in various specialist areas, and all these personnel have the backing of a dedicated tax team.

As tax advisers, our objective is to work closely with you to ensure that you pay the minimum tax required by law on the transactions you carry out. We help you understand the tax implications of your actions, so that you can plan ahead and conduct your affairs in a tax efficient way.

Tax Compliance

As you would expect, our focus on tax compliance services is on dealing with the routine matters efficiently, promptly and cost-effectively.

Our compliance service covers:

Personal Tax Returns
We contact you in advance of the filing date, obtain the data we need to file your returns on time and advise you of the tax you need to pay and when you need to pay it.  

Business Tax returns
Whether partnership, limited liability partnership or limited company, we will prepare and file tax returns. For maximum efficiency, we usually do this at the same time as our accounts team prepare the accounts.

Tax Investigation
With more Tax Inspectors focusing on investigation work, it is now not unusual to be the focus of an investigation or enquiry at some point. An investigation into your tax affairs can potentially be financially damaging and stressful. As experts and skilled negotiators, we can provide you with an adviser who understands tax legislation, compliance and HMRC procedures in order to deal with the enquiry in a positive manner.

Tax Consultancy

Between the average homeowner and the wealthiest businessman, there are a multitude of situations that merit sound tax consultancy advice. We aim to review your personal or corporate circumstances to devise an appropriate strategy for you.

As well as dealing with all aspects of income tax, capital gains tax, corporation tax and VAT, considerable emphasis is placed on the more complex aspects of taxation, whether this is protecting existing wealth or planning for the future.

We have tax consultants who specialise in specific areas of tax, including:

  • Estate planning for high net worth individuals
  • Inheritance tax planning
  • Trusts and family settlements
  • Corporate restructuring and succession planning to achieve lowest tax result on sale of business
  • Corporate restructuring for asset protection
  • Due diligence on acquisition
  • Incorporations
  • Property transactions
  • Complex capital allowance claims
  • PAYE and VAT healthchecks

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Latest Tax News

  • Income tax changes from 6 April 2018
    16/04/18

    The personal allowance for 2018/19 is £11,850. However, some individuals do not benefit from the full personal allowance.

  • Welsh Land Transaction Tax introduced
    11/04/18

    From 1 April 2018, Land Transaction Tax (LTT) will replace Stamp Duty Land Tax (SDLT). LTT will be collected by the Welsh Revenue Authority (WRA).

  • Making Tax Digital for VAT from April 2019
    09/04/18

    The regulations to bring into force Making Tax Digital for VAT (MTDfV) are now law, and digital VAT returns will be required from 1 April 2019.

  • Employer-Supported or Tax Free Childcare
    05/04/18

    Plans delayed to scrap the Employer-Supported Childcare by 6 months.

  • The end of Class 2 National Insurance
    26/03/18

    The government has announced that plans to abolish Class 2 National Insurance Contributions (NIC) are being put off for 12 months.

  •  Inheritance Tax review
    21/03/18

    Inheritance Tax (IHT) is charged at 40% and may be due from an estate when someone dies unless the estate is left to a spouse or civil partner. 

  • Benefits in Kind & Salary Sacrifice Schemes – Changes from 6th April 2017
    19/03/18

    Benefits in kind received as part of a salary sacrifice scheme (reduced cash payment in return for a non-cash benefit) were historically taxed under the normal benefit in kind rules. From April 2017, new rules came into effect resulting in some of these benefits incurring additional tax and national insurance. 

  • Inheritance Tax online
    12/03/18

    HMRC have begun providing an online form to help executors in England and Wales who wish to notify them of the value of an estate.

  • Paying dividends
    09/03/18

    Company law (s830 Companies Act 2006) says that a company is only entitled to make distributions out of profits available for the purpose. It defines this as accumulated realised profits minus accumulated realised losses. The Act also requires that a dividend is supported by relevant accounts demonstrating that profits are available for distribution.

  • Tax on acquiring property in Wales
    08/03/18

    From April, the Welsh Government and the National Assembly for Wales take on responsibility for some taxes paid in Wales, and property acquisition is one major area of change. Stamp Duty Land Tax (SDLT) is replaced by Land Transaction Tax (LTT) in Wales from 1 April 2018.