tax advice

UK professional requires tax advice on Indian savings

tax advice

Case Study2nd Feb 2022

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Our Client 

A high-profile professional who moved to the UK to study and start a career required advice around tax on savings accounts held in India following an invitation from HMRC to clarify funds.  

Our Approach 

  • A full review of her residence and domicile position 
  • A full disclosure of all interest using HMRC’s offshore disclosure online facility 

 The Outcome 

  • Significantly reduced the number years HMRC could assess  
  • Reduced the tax liability 
  • Reduced penalties – which could have been up 200% of the tax due 

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