Tax Enquiries and Investigations
Benefit from our wealth of experience in dispute resolution.
It is an unfortunate fact of business life that you may well come under enquiry by HM Revenue and Customs through no fault of your own or of your accountant. HM Revenue and Customs now investigate businesses at random as well as for specific reasons. A full investigation is not a pleasant experience for anyone. Having expert representation will ensure that any such enquiry is conducted correctly and minimise any financial claims made by HM Revenue and Customs.
If you are selected at random, you need an accountant who knows how HM Revenue and Customs works and thinks and is prepared to fight your case. We make sure that HM Revenue and Customs keeps to their own internal guidelines and don’t overstep the mark. We will talk you through the enquiry process and what to expect and support you throughout.
The Penalties
There are various penalties HM Revenue and Customs can seek to impose following any adjustments made to tax returns during an enquiry. As well as having to pay additional tax, you can find them seeking penalties up to an amount equal to the tax, so doubling your tax bill. Interest on the late payment of the tax is also part of the arrangement – not a pleasant experience. Very often, with knowledge of the Taxes Management Act 1970, penalties may be reduced, suspended or even eliminated.
Prevention is better than cure
Whilst with random investigations anyone can come under enquiry, you can help to avoid the chance of an investigation into your affairs for other reasons. We know the triggers that often give rise to enquiries if not fully explained to HM Revenue and Customs when submitting Returns to them.
Every Tax Return or set of accounts we submit to HM Revenue and Customs is considered carefully to identify any areas that may lead to an enquiry before they are submitted without explanation. This really does help to minimise the chances of you being on the wrong end of an enquiry.
Get in Touch
Please contact us if you need further advice, have any questions about our services, or would like a free consultation or a fixed quote.