Collaborating with a professional tax specialist – why is it necessary?


If you live in the United Kingdom, then you already understand the struggle of dealing with tax calculations and rules. There are certain formulas each citizen has to keep in mind when calculating the amount they need to pay, which means that current rates and allowances are not always fixed. This makes it tough for the ordinary individual to keep up with all these financial requirements. While some manage to cope with this civic duty, others find themselves in the situation of hiring an expert to work on their behalf. Sometimes, they even need to collaborate with tax tribunal appeal specialists, in case they need to attack a decision of HMRC (Her Majesty’s Revenue and Customs). To find out why it is important to collaborate with a specialist, read on this article.

Understanding how financial institutions work

Even if you have had some experience in the financial field and you are customary with UK’s institutions, it may be difficult for you to keep up with this dynamic sector. The HMRC, for example, is a department of the UK Government, which does not belong to the ministry and is responsible for collecting taxes, payments (for state support) as well as administrating regulatory regimes within the state.

Make a stand, if necessary

Sometimes, you may not be pleased with the decisions of the HMRC, or you may think the amount you need to pay is unrealistically great. In this situation, you need to have a professional by your side, to help you make an appeal to the Tax tribunal (also known as “The Tribunal”). This institution is aimed to regulate the activity of other related entities and is made of two partitions: the First-Tier Tribunal and the Upper Tribunal. Again, its rules may be difficult to understand, so you have to hire an expert to help you manage the situation if you want to make use of the Tribunal’s perks.

Appealing the decisions of HMRC

Of course, not any decision can be appealed. As a tax payer, if you do not agree with something the HMRC established, you can normally start a procedure through which you legally attack that judgement. You can make an appeal for both direct and indirect taxes, as long as you know your rights and set the right expectations. To this end, having a professional legal representative by your side is highly recommended.