Tax Enquiries and Investigations
Let us fight your corner and maximise your chances of beating the Taxman!
It’s an unfortunate fact of business life that from time to time there will be disagreement between the taxpayer and HMRC. Sometimes it is the facts of the case that are in question but it is also often the legislation itself that is in question. Tax isn’t always black and white and where this is the case we are happy to argue your case in the strongest possible terms.
As a taxpayer you have many rights and we will ensure they are never forgotten by HMRC.
Disputes can arise in all sorts of areas outside of full enquiries and investigations including…
- Employment status disputes
- Repairs v capital disputes
- Private usage adjustments
- Capital allowances – is it plant or property?
- Settlements legislation – the classic husband and wife company scenario
- Valuations for tax purposes
- Is it a trading activity?
- VAT segregation of businesses to avoid registration
- Employee benefit disputes
We have the specialist tax knowledge to assist with a wide range of tax disputes.
Tax Enquiries and Investigations
Need help fighting the Taxman?
It is an unfortunate fact of business life that you may well come under enquiry by HMRC through no fault of your own or of your accountant. HMRC now investigates businesses at random as well as for specific reasons. A full investigation is not a pleasant experience for anyone. Without expert defence it is possible to get trampled all over.
If you are selected at random, you need an accountant who knows how HMRC works and thinks and is prepared to fight your case. We make sure that Taxman keeps to their own internal guidelines and don’t over step the mark. We will talk you through the enquiry process and what to expect and support you throughout.
There are various penalties HMRC can seek to impose following an enquiry for undeclared income. As well as having to pay the tax, you can find them seeking penalties up to an amount equal to the tax, so doubling your tax bill. Interest on the late payment of the tax is also part of the arrangement – not a pleasant experience. We can help you minimise these penalties.
Anti-investigation Scanning Checks
Whilst with random investigations anyone can come under enquiry, you can help to avoid the chance of an investigation into your affairs for other reasons. We know the triggers that often give rise to enquiries if not fully explained to HMRC when submitting Returns to them.
Every Tax Return or set of accounts we submit to the Taxman goes through an anti-investigation scanning check to identify any areas that may lead to an enquiry before they are submitted without explanation. This really does help to minimise the chances of you being on the wrong end of an enquiry.
Tax Investigation Fee Protection
Worried about the accountancy fees of a tax investigation?
HMRC has powers to investigate income tax and corporation tax payers at RANDOM.
With the ever increasing risks of full tax enquiries and investigations, it’s worth considering protecting yourself from the accountancy costs of dealing with it as the amount of work involved is often substantial.
You can get cover for the following…
- Self-assessment enquiries
- VAT enquiries
- PAYE and benefits enquiries
- IR35 enquiries
Even if HMRC finds nothing as a result of any investigation, you will still have unexpected professional fees to pay as a result.
We cannot prevent you from being investigated by the Taxman, but we can help to ensure that you get the best possible support and advice without having to worry about the cost.
Our initial consultation with you is always complimentary. We like to get to know you. As a national firm we are always on the road and can visit you at your convenience, be that at your premises or even your home.
From discussing your accountancy/payroll needs, right through to cryptocurrency, tax planning, buy-to-let properties, selling or purchasing a business or considering your business exit strategy… We would be happy to help.
Your 45-min phone call with Partner, Riz Akhtar FCCA ACMA CGMA, aims to provide you with knowledgable and professional advice coupled with years of expertise