Every year thousands of individuals and businesses are selected, at random, by HMRC for a tax enquiry.
This means that, even where you have complied with every letter of the law, you may find you or your business is under investigation.
HMRC also target areas where they believe tax is at risk of not being properly reported and collected.
They can use sophisticated software to cross check an individual’s bank information and tax returns, to uncover any anomalies.
HMRC investigations are time-consuming, stressful and costly. They can last for many months and in some cases over a year.
During this time, you will incur accountancy fees as well as having to deal with the inevitable disruption and uncertainty to you and your business.
The best defence for a HMRC investigation is to engage professional representation from us from the outset – and to help you deal with the costs, we offer a Tax investigation Service.
If you are selected by HMRC for investigation you can relax safe in the knowledge that there will be no additional accountancy fees to pay.
Tax Investigation Service – What’s Included?
We are insured in respect of fees up to £100,000 incurred in representing you in the event of any compliance check, visit or investigation started by HMRC regarding compliance with:
Corporation tax self-assessment
Construction Industry Scheme
Gift aid legislation and regulations
National insurance
National minimum wage
Capital gains tax
VAT
PAYE and P11D
Inheritance tax
Income tax self-assessment
IR35
Stamp duty (including land tax)
What is NOT included?
Fraud
Criminal prosecutions
Deliberate omissions
Tax, fines, penalties and interest due
Tax avoidance schemes
Enquiries commencing outside of the period of service