A policy helps take the stress and escalating costs out of tax investigations, no one is safe from HMRC...
What is a Tax Investigation?
When HMRC make enquiries into your tax affairs
HMRC is upping its game…
Many tax investigations are random. Unusual fluctuations, undisclosed accounts and random spending can also prompt an enquiry into individuals and companies.
The tax man has the power to inspect business documents and assets at your premises, ask for documents and information, make unannounced inspections and go back up to six years to investigate matters.
Disruptive, intrusive and expensive - when HMRC investigates it can drag on for a year or more, creating mounting costs and rocketing stress levels.
£800 million has been allocated to target tax evasion, in a bid to fill the public finance black hole.
HMRC recuperated £26.6 billion worth of tax last year, with 1,289 of these investigations resulting in prosecutions.
Powerful new software can trace even the smallest discrepancy in spending or earnings, prompting an investigation into individuals and businesses.
What could HMRC discover about you and your business?
Could you be affected?
Anyone who submits a tax return is a potential target
Call in the experts
No matter the size of your business or if you haven't done anything wrong, HMRC can launch a tax investigation at any time.
There doesn’t have to be a specific reason.
When everyone is feeling the economic pinch, the risk of an inconvenient, expensive and time-consuming tax investigation is higher than ever.
If HMRC states its intention to investigate your tax payments don’t panic. Call us – your dedicated accountant and best defence.
We will translate the many complicated questions the taxman may pose, manage the entire conversation with the taxman, help you submit any required information and minimise the impact on your business or personal life.
However, the cost of supporting you throughout an investigation is not covered in our usual accountancy fees.
This is where the policy comes in.
The protection available
Peace of mind providers
Cover for all…
As your dedicated accountant, we’re here to help you manage any tax enquiries you might receive.
It is vital to be led by specialist advice and guidance when dealing with HMRC.
With a tax investigation policy our fees will be paid for if HMRC investigate you, for a summary of the protection afforded by the policy (including the indemnity limits) please refer to our ‘Summary of Cover’.
By taking out a policy, you’ll also be dealing with a trusted and familiar face that knows your affairs – not an unknown accountant who may be appointed if you have alternative cover in place.
We believe that we know your business best and we want to be there for you when you need us most.
Plus, for limited companies and partnerships, the tax investigation policy provides inclusive cover for all relevant individuals.
So if your business has a policy, all of your directors, partners and their spouses and company secretaries will also receive representation during an investigation into their personal tax affairs as long as we act for the individuals concerned.
Just spend a little now to potentially save a lot later and take the stress, time and professional costs out of a tax investigation.
Put aside a few minutes to protect yourself.
Act now to get your defences in order. Protecting yourself costs less than you think!
Duncan & Toplis
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Anyone who submits a tax return is at risk of a HMRC Investigation. A policy can be your best defence in the event of an investigation, dont leave it to chance, protect yourself today.
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