Thomas Wallace

Tom is a former HMRC Senior Inspector of Taxes who has worked in and led teams in all taxpayer segments dealing with large multinationals to small businesses.

Tom was appointed Director of Tax Investigations at WTT Consulting in 2020, where he is currently responsible for developing strategies for dealing with HMRC enquiries and client litigation.

He also offers ad-hoc tax advice and planning to WTT’s private clients and is an associate of The Society of Trust and Estate Practitioners (STEP)

LinkedIn URL

www.linkedin.com/in/thomas-wallace-tax

Author Content

As contractors often understandably ask, what is a Judicial Review?

An overview to the vital court proceeding which holds public bodies like HMRC to account.

8th May, 2024 | Successful Contracting

How Easyway Umbrella and IPS Progression both failed to beat the taxman in court

Two cases concerning notification to HMRC have just been put to judges, and neither went in favour of the avoidance scheme provider.

18th April, 2024 | Comment

Why does HMRC remove blacklisted tax avoidance schemes after just 12 months?

Despite being legally required to, the taxman taking offline those he ‘named and shamed’ just a short time ago doesn’t give contractors the protection they want - and need.

1st March, 2024 | Comment

Tis’ the season of discovery, bringing HMRC worry if you’re a Loan Charge contractor facing the s222 charge

With the loan charge year about to run out, this DA season hit contractors harder than usual. And then there’s the kicker -- a tax on PAYE tax.

11th May, 2023 | Comment

Contractors' Questions: Will HMRC just give up on the loan charge?

A 'disguised remuneration' scheme user wondering about running away ponders when, if it all, this ‘mess’ will ever end.

30th May, 2022 | Successful Contracting

Is HMRC accusing you of being a Managed Service Company? Control will be the key

The taxman is seeing how far the boundary of the 2007 rules will stretch, to snare perhaps thousands of PSCs in his net.

14th April, 2022 | MSC Main

A contractor’s guide to Capital Gains Tax

An overview to a very complex area of tax law, particularly without advice: CGT.

18th March, 2022 | Money

Contractors, the loan charge refund deadline is almost pressing

September 30th is a cut-off many can’t afford to ignore. Not that HMRC is making successful applications easy.

21st September, 2021 | Comment

HMRC’s one-size-fits-all stance is why the Loan Charge scandal pervades, and may never end

Emails released under FoI rules confirm HMRC’s failure to alter its approach is its failure to achieve resolution. And it’s a failure signed off at the very top.

11th May, 2021 | Comment

Facing September’s grim deadline, it’s little wonder Loan Charge contractors are on the brink of suicide

More so than anyone else in this already fearful year of covid-19, Loan Charge contractors face a very real, immediate and dreaded choice.

26th June, 2020 | Comment

Beware Loan Charge contractors, a smarting HMRC won’t let sleeping dogs lie

A better than expected Morse Review, for you and us, is why battleplans are being drawn up, by them.

7th January, 2020 | Comment

Why the 2019 Loan Charge Review warrants a review of its own

Dead ahead: Contractors, brace yourselves for a surface-level assessment of considerable icebergs.

13th September, 2019 | Comment