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WealthProtectionReport is designed to provide you with all the information you need to pay less tax. Gone are the days when simply 'keeping quiet' was a genuine option.

The Revenue is becoming more and more aggressive in chasing tax evaders (eg the banks divulging details of UK resident offshore account holders to the Revenue), and purely in financial terms it doesn't stack up. You'll be looking at back interest as well as penalties that can double the tax due. Anyone that's avoided declaring income for a number of years is therefore looking at a substantial penalty.

Aside from this, when you consider the raft of tax planning options, it just doesn't make sense to not declare income or gains. For example moving overseas is becoming incredibly popular as a tax avoidance strategy. In many ways it's the simplest and most effective way to take yourself out of the UK tax net - but as you'd expect this path is fraught with difficulties

Obtaining the information you need to negotiate the tax 'minefield' can prove difficult. Of course you could just seek professional advice for your particular problem. This raises two issues:

  • Firstly you need to be sure that the advice you're getting is correct. Particularly when looking at specialist areas such as offshore tax planning or property tax structuring many high street accountants and tax advisers may not have the necessary expertise. This means that you need to go to a specialist tax adviser.

    You'll find that most of the people you read about in the newspapers (the Philip Green's and Al Fayed's of this world) that avoid paying significant UK taxes will have access to these specialist advisers. You could certainly consult one yourself - this though raises another issue.

    start quoteYou can use the same techniques that Philip Green used to avoid paying £200Million in tax on his dividends from BHSend quote

  • The cost. The chances are you'll be paying through your teeth for any advice from these professionals. Not so bad if the tax at stake is significant (eg £1Million+) but for the rest of us the fees represent a large chunk of any tax saving. So what do you do?

Simple really. Your first step should be to join WealthProtectionReport. For a nominal (£9.95) fee per month you have access to the latest tax information and opportunities. We specialise in both offshore and property taxation, but if you're interested in other areas (eg inheritance tax, company or business tax) give us a try as we also cover these.

As well as the articles, which we think are incredibly good value for money, you can also post your specific queries on our members only tax & asset protection forum. Here you'll obtain a response from a qualified tax specialist (eg a specialist tax accountant, tax adviser or tax lawyer) to your particular problem.

Site content is provided not only in the form of written articles. We provide online presentations and articles via webcasts and also use screen shots of highlighted forms such as this

to help illustrate points.

To sign up and start identifying your tax savings click here

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