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   Saving Tax

We were recently instructed by a well-established professional partnership whose accountants were a large firm based in the west end of London. We obtained the necessary accounting and tax papers from the previous accountants and started to review the information to ensure that our client's past affairs were in order. During the course of our review we discovered that certain tax allowances were either incorrectly claimed or not claimed at all in the partnership and partners' tax returns. As a result the client had overpaid tax.

We discussed the matter with our client and with their approval filed amended tax returns on their behalf, which then resulted in our client receiving a substantial repayment of tax.