Tax compliance

An absolutely first-rate firm with excellent private client practitioners.

Chambers UK
Private Client and Tax

The burden on taxpayers to deal with an increasingly complex tax system becomes greater year on year. It is vital for taxpayers to meet their obligations not only to avoid the unwelcome scrutiny of HM Revenue and Customs but also the increasingly punitive penalties for getting the calculations wrong.

The Penningtons Manches Cooper personal and trust tax compliance team comprises qualified tax experts with access to one of the largest legal private client teams in the country. Our team assists resident, non-resident or non-domiciled individual and trustee clients to fully comply with their tax obligations and gives them the reassurance that their tax position is returned to HMRC promptly and accurately.

In addition to regular annual tax compliance, Penningtons Manches Cooper provides an expert service to individuals and trustees who require negotiation with HMRC. Due to the often complex nature of the taxation of individuals, trustees or beneficiaries, taxpayers often find that they have not paid the right amount of tax in previous years. The personal and trust tax compliance team can help alleviate clients’ concerns by computing the historic tax calculations and negotiating a beneficial settlement with HMRC.

The team is committed to providing excellent advice with proper consideration given to all available tax reliefs. We ensure that the right amounts of tax are paid and, where possible, produce substantial savings for our clients.

We offer expert advice on:

  • individual and trustee tax returns
  • compliance with tax legislation
  • tax reliefs
  • trustee inheritance tax filing requirements
  • historic tax accounting
  • remittance basis user tax calculations

Recent work highlights

Liechtenstein Disclosure Facility settlement

Negotiating settlement of historic liabilities with HMRC using the Liechtenstein Disclosure Facility for a non-domiciled remittance basis user by preparing complex mixed account calculations across a number of investment and currency accounts.

Discounted valuations for property

Preparing inheritance tax calculations and IHT100 series tax returns for an Accumulation and Maintenance type trust of multiple funds. Securing relief on property held by the trustees and negotiating favourable discounted valuations on their chargeable property.

Entrepreneurs’ Relief claim

Assisting an individual family business client in claiming Entrepeneurs’ Relief on the sale of part of his shareholding and then providing an effective succession planning to mitigate capital taxes for his family in the future.

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Penningtons Manches Cooper LLP

Penningtons Manches Cooper LLP is a limited liability partnership registered in England and Wales with registered number OC311575 and is authorised and regulated by the Solicitors Regulation Authority under number 419867.

Penningtons Manches Cooper LLP