Tax Advice

Tax is complicated, so we’re not. Our expert tax advice consultants will help you fully understand your tax obligations and will advise on the most efficient way of structuring your tax affairs to achieve your commercial objectives.

We want you to have a healthier relationship with tax.

Tax does not have to be a one-sided relationship.

Compliance is a given with our service. Our tax experts focus on providing practical advice and great service to optimise your tax position, plan for your future and save cash, year after year.

We understand all tax legislation, so you don’t have to.

We can talk you through a variety of planning options to maximise your tax savings and ensure all relief is claimed. Including reviewing if any tax relief has been missed historically.

Still not sure where you need to start when it comes to tax?

Don't be left in the dark, we now offer a free strategic one-hour business review with one of our experts where we challenge you to build a clear strategy for the future. Get started today.

Our Tax specialists can offer advice on a range of topics

  • Succession planning

  • Share schemes and Valuations

  • Profit extraction

  • Property taxes

  • Tax Mitigation and Reporting

Tony Minshall, Managing Director, Malkins Bank Golf Course

“I am very happy with the work carried out by the tax team, they have helped us save money from day one. Each time we contact them with a problem, they constantly exceed our expectations by providing us with solutions. They always get the job done.”

  • Tax Partner

    James’ tax expertise and enthusiasm for all things tax has been instrumental in the success of the Tax Consultancy service at WR Partners.

    James joined WR Partners in 2004 and has gained membership to both the Chartered Institute of Taxation (CIOT) and the Association of Chartered Certified Accountants (ACCA) whilst at the firm. He also has a first-class honours degree in Applied Accounting.

    A Chartered Tax Advisor and a member of the firm's specialist Tax Consultancy team; James provides advice on a wide range of taxation matters including business restructures and corporate reorganisations, inheritance tax and capital gains tax planning; and share valuation and share incentive schemes. James also advises on Stamp Duty Land Tax (SDLT) where he is a member of the specialist Stamp Taxes Practitioners Group (STPG) – the leading professional body of stamp taxes advisors in the UK.

    Email: jclark@wrpartners.co.uk

Tax Advice FAQs

 

  • Our tax consultancy team at WR Partners is able to provide tax advice on a wide range of taxes.

  • Tax advice can cover income tax or corporation tax advice on your business profits as well as VAT on business transactions. It can include capital gains tax or stamp duty land tax advice on disposing of a property as well as inheritance tax when you pass assets on to others.

  • Absolutely – we never share tax advice provided to our clients with third parties unless the client specifically requests that we do so.

  • That will depend on the nature of the advice – there is no hard and fast rule, unfortunately.

  • Broadly speaking, VAT is 20% of your taxable supplies. In your VAT return, you can deduct 20% of the associated input VAT and the result is the amount owed to or from HMRC.

  • There are many different types of taxes on property. There are corporate taxes if the property is held by a company, such as corporation tax and the annual tax on enveloped dwellings. There are individual taxes such as income tax on rental profits and capital gains tax if a property is disposed of. There are also transaction taxes (SDLT, LTT or LBTT depending on where the property is in the UK).

  • For income tax, the Welsh Government is able to vary the income tax rate to a point. To date, they have chosen to keep the same rate as for taxpayers in England. This means that Welsh taxpayer should identify which country they are paying tax in, in order to pay to the right authority. This can be done through your PAYE code but also it is declared in your self-assessment tax return. There are also differences between the English Stamp Duty Land Tax and the Welsh Land Transaction tax.

  • There are a variety of ways to mitigate a tax charge. Depending on your circumstances this might be by claiming a particular relief or expense against your taxable income or reducing the tax you pay because some types of income or gains attract lower tax rates.

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