You need protection from a HMRC Tax Investigation
HMRC has the power to inspect business documents and assets at your premises, can ask for documents and information, make unannounced inspections and go back up to twenty years to investigate matters.
In recent years HMRC have launched various checks on specific industries. It is not uncommon for a business to receive a letter from HMRC advising that they want to carry out a routine VAT or PAYE check. This sounds fairly innocent but can often lead to a more in-depth enquiry because they are entitled to review all transactions across the business. IR35 and employment status disputes also seem to be on the rise.
There has never been a better time to subscribe to our Tax Investigation Service. Subscribing clients will have free access to a specialist Unannounced HMRC visits Helpline.
HMRC can visit at any time and we think it is vitally important you can get the advice you need, when you need it.
Why is it important to take out protection?
- HMRC is actively increasing its number of tax enquiries in order to raise more tax revenue.
- Many tax enquiries are conducted at random so you could find yourself at the centre of a tax enquiry at any time, even if you have done nothing wrong.
- The professional fees associated with a tax enquiry can amount to thousands of pounds. These costs are additional to our normal annual fees.
- We know and understand your business and personal financial affairs and we want to provide you with the best possible defence saving you time and money in the long run.