LSR Partners LLP

LSR Partners LLP Bringing UK tax clarity to global clients

02/09/2026

Making a disclosure to HMRC does not work the way most people expect.

You do not receive a bill setting out the tax, the interest and the penalties. Instead you make an offer, and you pay it on the day you submit. Then a certain amount of back and forth follows while HMRC decide whether to accept it.

Sometimes that back and forth takes a while. Simon recently spent forty five minutes on the phone with an inspector explaining a calculation, followed by a letter, before the answer came back: fine, we will accept it.

Knowing how the process runs takes a lot of the anxiety out of it.

Simon explains in this clip from episode 24 of the Tax Compass Podcast.

Listen to the full episode on YouTube, Spotify, Apple, or wherever you get your podcasts (links in comments).

LSR Partners help you pay the right tax in the right place at the right time.

31/08/2026

HMRC encourage advisers to use the Online Disclosure Service. So we do.

There is one snag. The service has no facility to upload anything. You enter numbers, and only numbers. The calculations behind them stay on your desk.

You can guess what arrives a few weeks later. A letter saying they do not understand the calculations.

It is a small thing, and it is fixable, but it adds weeks to a process that is already slow for people who simply want the matter closed.

Simon tells the story in this clip from episode 24 of the Tax Compass Podcast.

Listen to the full episode on YouTube, Spotify, Apple, or wherever you get your podcasts (links in comments).

LSR Partners help you pay the right tax in the right place at the right time.

29/08/2026

Most disclosure work is not complicated. It is painstaking.

When HMRC ask about historic income, you cannot simply apply today's rates and be done. Every year has to be rebuilt as if you had declared the income at the time. What were your income levels that year? What was the personal allowance? How were dividends taxed then?

The rules shift constantly, so each year is its own small project. We recently worked on one reaching back to 2008, further than our own software goes.

That is why disclosure work takes the time it does, and why experience with the older rules genuinely matters.

Simon explains in this clip from episode 24 of the Tax Compass Podcast, all about HMRC nudge letters.

Listen to the full episode on YouTube, Spotify, Apple, or wherever you get your podcasts (links in comments).

LSR Partners help you pay the right tax in the right place at the right time.

27/08/2026

Here is a deadline worth knowing. In the UK, you have four years to claim back overpaid tax.

For anyone with foreign income, that window is one of the best reasons to get things sorted early. Deal with a disclosure promptly and any refund due in the other country stays within reach. The double tax treaty does its job and you pay the right amount, once.

Simon explains how the four year rule works in this clip from episode 24 of the Tax Compass Podcast.

Listen to the full episode on YouTube, Spotify, Apple, or wherever you get your podcasts (links in comments).

LSR Partners help you pay the right tax in the right place at the right time.

25/08/2026

The tax liability ran into the thousands. HMRC would not accept the offer.

The sticking point? They thought the interest should be £6.40 lower than we had calculated.

Yes, really. A genuine back and forth over six quid of interest. In the end the answer was simple. If that is what you want and it is less, we will accept it. Thank you very much. And move on.

Simon tells the story in this clip from episode 24 of the Tax Compass Podcast, alongside everything you need to know about HMRC nudge letters.

Listen to the full episode on YouTube, Spotify, Apple, or wherever you get your podcasts (links in comments).

LSR Partners help you pay the right tax in the right place at the right time.

23/08/2026

Disclosing income from years ago to HMRC works like a time machine.

The principle is simple. Go back and calculate the tax as if you had declared the income in the right year. What were your income levels then? What was the personal allowance? How were dividends taxed?

The rules change constantly, so nothing is worked out at today's rates. And occasionally the old rules work in your favour. Simon recently found the old dividend tax credit genuinely helped in one case.

He explains how it all works in this clip from episode 24 of the Tax Compass Podcast.

Listen to the full episode on YouTube, Spotify, Apple, or wherever you get your podcasts (links in comments).

LSR Partners help you pay the right tax in the right place at the right time.

Shakira has finally won her battle with the Spanish tax authorities, and the reason she won matters to anyone splitting ...
21/08/2026

Shakira has finally won her battle with the Spanish tax authorities, and the reason she won matters to anyone splitting life between countries.

They could not prove her days. Within the EU's open borders, that evidential gap is real. In the UK, it barely exists, because HMRC can see border data.

Simon and Laura unpack the case, and the residency lessons in it, in our latest video. Link in comments.

LSR Partners help you pay the right tax in the right place at the right time.

20/08/2026

Shakira won her recent Spanish tax case because the authorities could not prove how many days she spent in Spain. Within the EU's open borders, you can drive between countries without a single record being created.

Now here is the part that matters if your tax life touches the UK.

HMRC can access border control data. We have heard of them using it to establish exactly how many days someone spent in the country. The evidential gap that saved Shakira barely exists here, and the Statutory Residence Test applies precise day thresholds to those facts.

The takeaway is simple. Assume HMRC can see your movements, and keep your own real time records of days, travel and work location. Good records turn a residency question into an admin exercise.

Simon explains in this clip. Watch the full Shakira conversation on our YouTube channel. Link in comments.

LSR Partners help you pay the right tax in the right place at the right time.

18/08/2026

His first worry was not the tax bill. It was his career.

A client in financial services received a nudge letter from HMRC and immediately thought of his FCA regulation. Would this follow him? Would it show up somewhere it should not?

The answer is no. HMRC accept that in 99 cases out of 100, undisclosed foreign income comes down to a genuine misunderstanding, or simply not realising, rather than anything deliberate.

Simon explains in this clip from episode 24 of the Tax Compass Podcast.

Listen to the full episode on YouTube, Spotify, Apple, or wherever you get your podcasts (links in comments).

LSR Partners help you pay the right tax in the right place at the right time.

17/08/2026

A nudge letter arrives from HMRC. And you genuinely have no idea what income they could mean.

It happens more often than you would think, especially for people with plenty of investments and lots going on. Something may have happened that you simply had not registered.

Here is the bit most people do not know. You can call HMRC and ask. They will tell you what information they hold.

Laura explains why that call is always worth making in this clip from episode 24 of the Tax Compass Podcast.

Listen to the full episode on YouTube, Spotify, Apple, or wherever you get your podcasts (links in comments).

LSR Partners help you pay the right tax in the right place at the right time.

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