Q. What is Tax Planning/Tax Mitigation?
A. Tax Planning/Tax Mitigation all mean the same thing as it is the use of Tax Law to minimise liabilities for taxpayers; for example whereby a business owner legitimately arranges the company’s financial affairs in a way to minimise tax within the current law. It may be considered as getting the best possible deal available inside the law, or as the legitimate means of paying less tax than would otherwise be the case. Tax Planning and Tax Mitigation is simply a matter of personal choice, as fortunately we live in a free democratic society where an individual or company can arrange their financial affairs in a manner that is suitable to them within the laws of the land. For the avoidance of doubt, we always work within the both the current law, associated HMRC rules, regulations, guidelines and procedures, and we always disclose to HMRC everything that we are doing.
Q. What is Tax Evasion?
A. Tax Evasion is illegal and must not be condoned. We never get involved in Tax Evasion.
Q. Are your schemes legal? Are HMRC aware of them?
A. Yes and Yes. All Tax Mitigation schemes have to be disclosed to HMRC for them to be legal. All of our schemes have been fully disclosed to the HMRC, and we are given a Disclosure of Tax Avoidance Schemes (DOTAS) reference to confirm this. Furthermore, all our schemes are reviewed by one of the country’s leading Tax Chambers, and a supportive formal opinion is provided.
Q. Do I need to change my existing accountant or other professional advisers to benefit?
A. No, we will work alongside your existing advisory team, as we provide a complimentary service to all your existing advisers.
Q. What is your track record?
A. We have been helping business owners and private clients like for over 10 years, and the experience of our staff goes back a long way before that. Generally speaking, the amount of tax we save you will be in proportion to the amount of tax you and your business pay. We have advised a leading Department Store to Hedge Funds to Celebrities and many many private clients and owner director business
Q. How safe are your schemes?
A. All of our strategies and documentation are rigorously reviewed by one of the leading Tax QC’s in the country and we only put our schemes to market once he has given a favourable opinion. You can inspect and review the relevant documentation as appropriate. We have built our reputation by providing the most bespoke and up to date tax planning in the market place. This is a key point as it means our schemes have bona fide legal basis. All of our planner has insurance to further protect our clients.
Q. Who is the person behind Mulbury Hamilton?
A. Our Principal Tax Partner is a highly experienced and fully qualified Tax Consultant. He has been helping business owners with their Tax Dealings for many years and has a superb track record. Supporting him we have Chartered Tax Advisors, Tax Barristers, Solicitors and Accountants. Our business operates out of offices in Kent, Winchester, and Guernsey.
Q. If these schemes work and are legitimate, why doesn’t everybody use them?
A. Generally speaking, the large PLCs and the very wealthy individuals have extremely effective tax-planning strategies introduced to them by the top Tax Firms and very large Accountancy Practices. However, the owners of smaller and medium-sized firms and the less wealthy private client are generally unaware of the strategies available to the larger firms/very wealthy individuals, and whilst their accountants do a great job in handling tax compliance matters, it is not their accountant’s job or responsibility to proactively promote the sort of arrangements we deal with. In essence, we see our role as making the top-end tax planning used by large corporate entities/wealthy individuals available to the both SME market and anybody in the private client sector, and through that process we will put you in the picture – you’ll be glad we did! Given the discrete and private way in which our clients choose to handle their tax affairs, and the confidential nature of our work, we may already be acting for someone you know.
Q. I would like my accountant, lawyer or other adviser to attend with me. Can they?
A. Yes, and without charge or commitment in any way – in fact we’d prefer it if they can join you as most of our work comes to us from accountants and other professionals. So, we would welcome their attendance as they may well want to work collaboratively with us, once they understand who we are, what we do and how we work; we would just expect the normal confidentiality protocol of a NDA (non-disclosure agreement) to be dealt with appropriately.
Q. What can be done with the tax money saved?
A. Well, it’s really up to you. Existing clients have used the savings we have created for them to buy property in the UK and overseas, to pay for school fees, to pay off mortgages or to clear other debts, to expand their business, to go towards buying out a competitor, to give funds to charities, to spend on holidays, to create a tax-efficient investment funds, to provide additional income in retirement, to bring forward retirement and so on. The list goes on and on. To be absolutely clear, the money saved will be yours so you are free to use it for whatever purpose you wish – What will you do with your savings?
Q. I thought HMRC were very strict on what can and can’t be done these days – how do you work within all the rules, regulations and tax-planning procedures that now exist?
A. We are a specialist tax-planning boutique, so we understand the rules and regulations and tax planning procedures so well that we know precisely how to work effectively without breaking them. This is what we do. We have operated as a business without a change of name and without once having any serious issues with HMRC. Take a look at our strategies at one of our Executive Briefings and judge them for yourself.
Q. How much tax will I save?
A. Of course we do not know yet, and we won’t know precisely until we have met with you on an individual basis and taken a close look at the numbers. What we do know is that a staggering £9.3 billion is wasted by UK tax-payers every year because they are unconsciously incompetent, i.e. they do not know what they do not know. It is shocking to note that 82% of Brits admit to doing nothing to reduce their overall tax burden. It is relatively straightforward for us to save SMEs and Private Clients a great deal of money, and in the process not only do you stand to win but even your existing accountant/other professional adviser stands to benefit. Just so you know, a typical client of ours saves around £201,750 in tax on an annual basis.
