Personal Tax

When you begin to face complications regarding your personal tax, seeking professional advice is crucial to ensure you, your family or your business does not face any further problems or punishments because of your tax. RMT can support you with whatever tax related problems you are facing.

The need for specialist personal tax advice has never been greater and is constantly growing. In the United Kingdom, tax legislation is becoming more complex.  Tax authorities, like HM Revenue & Customs (HMRC) are becoming tougher in their attitudes towards tax planning and there is an increasing risk of tax investigations.

Personal tax is a type of direct taxation on your personal income. This direct tax may come from employment – in the form of income tax – or dividends, owning other properties, savings and investments. Working with RMT’s team of expert personal tax specialists means we can support you regardless of your circumstances. We can help you assess the situation and develop a strategy for moving forward to ensure your personal tax matters are in hand.

Expert Personal Tax Accountants

At RMT, we have a dedicated personal tax team who provide a comprehensive range of compliance, advisory and specialist tax services to clients with vastly differing circumstances. These typically range from simple tax compliance, like personal tax compliance checks, to those with much more complex affairs, including international tax issues.

Our team of specialist personal tax accountants have extensive experience of working with individuals, families and business owners to support them structure their tax affairs in an efficient manner and to ensure they comply with all necessary tax laws and legislation.

We also work closely with other third-party advisors including financial advisors, banks, lawyers, trust companies and family offices, to ensure that our mutual clients receive the best advice on their personal tax matters, regardless of whether it is related to income tax, marriage allowance or child benefit support, including tax-free childcare. Our provision of ongoing support ensures that these third-party advisors implement our advice successfully and we are always on hand to answer any queries they may have, either from themselves or our clients.

No matter the personal tax issues our clients raise with us, our aim is always to maximise their wealth and to ensure they are making the best use of the current tax legislation framework. Ranging from national insurance contributions and income tax to following HMRC’s guidelines and ensuring personal tax accounts are updated to prevent potential tax investigations. At RMT, our goal is to deliver exceptional service to our clients through practical, bespoke advice, tailored to the specific priorities of an individual, family or business owner.

Comprehensive Personal Tax Solutions

We offer a range of services to support our clients with their unique personal tax needs, including:

• Preparing and submitting self-assessment returns
• Advice on instalments, upcoming liabilities and other payment dates
• Reporting disposals of UK property via the 60 day Capital Gains Tax on UK Property service for both UK and non-UK residents
• Advice about National Insurance Contributions (NICs)
• Investing in buy-to-let and holiday let properties
• Remuneration planning
• Dealing with HM Revenue & Customs enquiries, investigations and disclosures
• Income and Capital Gains Tax planning and mitigation
• Advice on UK residence and domicile position
• Succession or exit planning and your Inheritance Tax (IHT) position
• Understanding Stamp Duty Land Tax (SDLT), due when you buy a house
• Compliance and advice for trustees and executors

Take the First Step Today

Regardless of the personal tax support you need as an individual, family or business owner, our personal tax specialists are ready to assist and support you throughout your current circumstances. If you are looking for support with personal tax issues, like your tax code, personal tax accounts and personal allowance, or if you are dealing with HMRC tax investigations, we are here to help.

We know the process of a tax investigation or dealing with other personal tax matters can be difficult, and we are proud to offer our support throughout the entire process.

Contact us today to arrange your free, confidential personal tax review and let us help you work towards a better financial future.