The key areas of services provided by Arifeen & Co are:

Taxation
Tax compliance
Tax Planning
Estate Planning
VAT
Tax Investigation Consultancy

Taxation has long been this firm's stronghold. We specialise in personal business taxation, compliance and planning.


Taxation

Nothing can be said to be certain, except death and taxes. Whilst there's little we can do about death, there's lots we can do to help you with taxes.

Taxation responds as well to good planning and control as any other business cost. We believe that all clients are different and need individual tax strategies. These strategies ensure that liabilities are always known in advance and that maximum benefit is derived from allowances and reliefs.

Broadly speaking, taxation falls into two areas, Planning and Compliance. Let's start with compliance.




Tax Compliance

Every Government since time immemorial has pledged to simplify the UK tax system. Well, we've only been in business since 1996 and we're still waiting. Sadly, the reverse inevitably occurs resulting in mounting complexity, increased confusion and room for error. The self-assessment revolution of recent times has only served to bring more pressure to bear on both personal and corporate taxpayers.

We aim to ensure that our clients submit the correct tax returns on time and are not subject to penalties. Advance notice of rules and deadlines is our watchword and notification of liabilities, payment dates and amounts naturally follows.

Additionally, we handle all Inland Revenue enquiries and conduct skilled negotiation with the Revenue where necessary.

Being an unpaid tax collector is no fun. Dealing with regulatory agency responsible for employment tax compliance is also a routine part of our work whether it be checking PAYE codings, payment of payroll taxes or advice and assistance with completing the annual payroll returns. We are well versed in dealing with the full spectrum of this now complex compliance area.



Tax Planning

At Arifeen & Co we help our clients plan to minimise their liabilities. Like all planning, early involvement is a hallmark to a successful outcome.

Our tax planning operation cuts right across the main UK tax regime which is to say income tax, capital gains tax, inheritance tax, VAT and corporation tax. Our tax specialists has an in-depth knowledge of the regulations governing each of these taxes, which is a prerequisite for analysing the consequences of certain courses of action. Each of our clients is different and requires an individual tax planning strategy. We are skilled in advising across a wide variety of situations that may arise regularly or as one-off transactions. Planning to minimise can be applied across the business and personal spectrum and areas may include:

	Personal tax planning
	Business tax planning
	Business acquisitions or disposals
	Capital taxation planning
	Purchase and disposals of fixed assets and capital allowances planning
	Incorporation of businesses
	Planning for non-residents and non-domiciled taxpayers
	Company re-organisations and corporate structuring
	Partnership tax planning
	Extraction of business profits
	Remuneration packages
	Use of company pension schemes
	Share options and other employee incentives
	Enterprise management incentives

Estate Planning

Inheritance tax applies to gifts of capital and is levied on the value of assets transferred. It is the most aggressive tax in our tax system and is generally charged at the rate of 20% on a lifetime gift and 40% on assets passing upon death.

But is inheritance tax a voluntary tax?

It is well known fact that when a person dies, leaving an estate which is below the threshold, there is no inheritance tax to pay. The problem is that these limits are quite low particularly for home-owners.

Gifting your wealth seven years or more before your death is one easy suggestion, but with this comes a raft of other questions which are not so easily answered.

These questions and many more are the start of developing a strategy to deal with your estate.

Arifeen & Co are well placed to review a client's asset base, personal circumstances and requirements for life. Then, in conjunction with our client, we can work to develop a comprehensive plan that empathises with their objectives and takes advantage of tax mitigation opportunities.

VAT

When VAT is explained to a new trader, the first impression is that it is a simple tax to administer. Provided the businessman keeps good records and makes timely returns and payments, his life should be as straightforward as any other unpaid tax collector in the community.

Unfortunately, behind the simplicity of VAT lurks complexity beyond a client's wildest imagination. The unwary can become trapped in the complex rules governing deductibility of input tax, never mind the difficulties in determining the output tax associated with the supply of services and the rules governing both the nature and place of supply. It's hardly surprising that this labyrinth of law leads to inaccuracies in returns and the penalties that flow from them.

If you are planning a new transaction or simply require some routine advice, please feel free to contact us at an early stage.

Tax Investigation Consultancy

We offer an investigation support service to provide advice on any aspect of a tax investigation no matter which Government body it is instigated by. The service is intended for use in a consultancy role supporting the adviser's relationship with the client, rather than being in conflict with it.

More increasingly, Revenue investigators are being better trained, and are tending to be more practiced at investigation work through working greater numbers of cases. With the increase in specialisation across the full range by both the Inland Revenue and Customs & Excise, it is becoming much harder for advisors to keep up to pace with all areas. At no time is the advisor under more pressure than when representing a client subjected to a joint investigation by both the Inland Revenue and Customs, as are becoming more commonplace with joint working units having been established across the country. Consequently the client might be put at a disadvantage unless specialist help is brought in.

Our team of tax investigation specialists are available to offer advice by phone or by personal meeting if preferred. we are very experienced at securing the best position for clients subjected to investigation.

We provide:

If you'd like to contact us about our Taxation Services - simply go to the Contact Us area and let us know.