Product review: Taxsource for advisers

Product review: Taxsource for advisers

Enterprise Tax Centre now offers Taxsource to aid advisers plan tax advice with the help of chartered tax advisers, chartered accountants, tax lawyers, and members of the Society of Trust and Estate Practitioners (Step).

Areas covered include planning for non-UK-domiciled individuals, inheritance tax (IHT) and estate planning, asset protection, mitigation of capital gains tax (CGT), property tax, value added tax (VAT), tax legal work in relation to property and corporate transactions, international pension planning, and trusts and settlements advice.

Opportunities included within Taxsource are the Tax Review Centre, tax amnesty, seminars throughout the year, and tax partner service. Through tax amnesty, a representative from Enterprise Tax Centre spends the day with an advisory firm going

over their client list and assessing what can be done to improve clients’ tax position. The tax partner service is where, for a monthly fee, firms can have access to a private client and entrepreneurial tax specialist.

Taxsource will pay the adviser up to 25 per cent of what they charge clients for the tax service for making the introduction.

Advice through Taxsource can be provided under the firm name and letterhead of the adviser or the service can work directly with the client. Any advice provided is covered by the company’s professional indemnity insurance (PII).


The breadth of tax planning can be overwhelming, particularly to advisers who do not specialise in the area. The breadth of the tax industry makes it easy to miss out on a potential tax opportunity, especially when dealing with a client coming from or going to another country to work.

The Taxsource service works in conjunction with advisory firms to help use clients’ tax position to maximise savings. Instead of HMRC pointing out a flaw in tax returns, or missing potential savings, it is often useful to get a second opinion on behalf of their clients.

Cheshire-based Enterprise Tax Centre, set up last year by Richard Cunningham, works across areas including tax consultancy, pension-led funding, enterprise investment scheme, seed enterprise investment scheme, capital allowances, and research and development tax credits.