What is a Tax Investigation?
When HMRC make enquiries into your tax affairs
Last year HMRC collected £34.1bn from tax investigations and enquiries.
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.
HMRC can target anyone who submits a tax return and their highly efficient ‘Connect’ software is accessing and trawling through financial information right now. The powerful system can trace even the smallest discrepancy in spending or earnings, prompting an investigation into individuals and businesses.
HMRC may have you in their sights...
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 our protection service comes in.
Our protection service
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 the tax investigation fee protection service our fees will be paid for if HMRC investigate you, for a summary of the protection afforded by our service (including the indemnity limits) please refer to our ‘Service Summary’.
By subscribing to our service, 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 subscribe to an alternative scheme.
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 fee protection service provides inclusive cover for all relevant individuals.
So if your business subscribes to the service, 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 subscribe now.
View the Service Summary brochure
You can be selected at random!
Anyone who submits a tax return is at risk of a HMRC Investigation. Our service can be your best defence in the event of an investigation, dont leave it to chance, protect yourself today.