They can happen!
The HMRC may select your business for a tax investigation. They’re randomly selected and it can be stressful time to get everything ready for when the taxman comes knocking.
But we can help you through the experience. We’ll explain the tax law (what’s allowed, what isn’t) and we will also liaise with the Revenue directly on your behalf. This way they’ll fully understand your position and we can work with them to achieve the best possible result for you.
And if you’ve subscribed to our tax investigation insurance, you may not have to worry about our fees for helping you.
If HMRC are making enquiries – and you may have been selected randomly – you’ll be relieved to know that you can leave it to us. And if you’ve bought into the tax enquiry fee service cover, you shouldn’t incur any fees from us.
Our tax team receive continuous training which keeps them up-to-date with changes in legislation, as well as with HMRC’s approach. And they have years of experience in dealing with investigations. And if we need a second opinion on something complex, we tap into our tax specialists across the UK200 network.
What we can do?
The first step is to ensure we understand where HMRC are coming from and if it’s not clear from their correspondence, we call them and even meet with them; they’re normally very helpful. And having a great understanding of you and your business is a great advantage too. Then it’s a matter of communicating, making sure replies are sent on time and working towards resolving maters as quickly and painlessly as possible.
How much is it?
If you’re not covered by the tax enquiry fee service, then our fees will depend on the length and complexity of the case.
Should I be worried about a tax investigation? Not if you’ve done nothing wrong and followed sound professional advice.
Why are HMRC picking on me? HMRC enquiries can occur randomly or because something may look odd – for which often there’s a good explanation. Or with VAT, HMRC often make enquiries if they have to pay you a refund!
How long do investigations last? That depends – some can be cleared in one letter, more complex cases can take years.
How far back can HMRC investigate? HMRC will investigate further back the more serious they think a case could be. If they suspect deliberate tax evasion, they can investigate as far back as 20 years. More commonly, investigations into careless tax returns can go back 6 years and investigations into innocent errors can go back up to 4 years.
Can HMRC look at my bank accounts? HMRC has the power to obtain relevant information from taxpayers to check they’re paying the right amount of tax. This could give them the right to look at your bank account and financial information without your permission.
Tax enquiry fee service cover
Get in touch for a free meeting
We’re here to help. If we can’t help directly, we probably know someone who can. All you have to do is ask….