TAX ENQUIRIES & INVESTIGATIONS
Regrettably sometimes you may well come under enquiry by HMRC due to no fault of your own or of your accountants. They are now investigating companies on a random basis as well as for specific reasons. A thorough investigation is an unpleasant experience for everyone. Without expert defence it’s likely to get trampled all over.
If your business was chosen at random, you’ll need an accountant who knows how the Taxman works and think and is ready to defend your case. We can ensure that HMRC sticks to their own internal guidelines and don't cross the line. We will guide you through the enquiry process so you’ll know what to expect and we’ll also support you throughout.
There are different penalties that HMRC may seek to impose in regards to an enquiry for undeclared income. As well as having to pay the tax, you might find them seeking penalties up to an amount equal to the tax due, effectively doubling your tax bill. Interest on delayed tax payments of is another part of the arrangement and not a pleasant experience at all. We can help by minimising such penalties.
With random investigations any business may come under HMRC enquiry but you can minimise the chance of an investigation into your company affairs for other reasons. We know the triggers that might give rise to HMRC enquiries if not fully explained to them when submitting your returns. Every tax return or set of accounts which we submit to HMRC passes through an anti-investigation scanning check in order to identify the potential areas that may raise an enquiry if they are submitted without an explanation. This really helps to decrease the odds of you being on the wrong side of an enquiry.