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Anyone who has been the subject of a tax enquiry knows it is rarely a pleasant experience. accountants in Hackney We will help you resolve it quickly with the minimum of disruption to your daily life. Our tax clients have the option to take our fee protection insurance, which covers the cost of our support from the moment you receive notification of the enquiry through to agreeing a financial settlement with HMRC.
Tax investigations fall into three broad categories:
All types of enquiry or investigation from HMRC should be treated seriously. An aspect investigation may, for example, seem less threatening but it could easily broaden out into a full investigation if not properly managed.
Sometimes businesses can be placed under a code investigation. These are only issued when the revenue suspects deliberate tax fraud is taking place. These are very serious indeed.
Tax enquiry advice
With years of experience in local compliance offices and cases of alleged fraud, our team of experts and former Inland Revenue inspectors are well equipped to:
Tax investigations fall into three broad categories:
- Aspect – where HMRC want to assess one or more areas of your tax information
- Full – the whole of your tax return is reviewed (personal return or business return)
- Random – spot-check full enquiries. These are usually aimed at higher risk tax areas or sectors. SMEs are a particular target.
All types of enquiry or investigation from HMRC should be treated seriously. An aspect investigation may, for example, seem less threatening but it could easily broaden out into a full investigation if not properly managed.
Sometimes businesses can be placed under a code investigation. These are only issued when the revenue suspects deliberate tax fraud is taking place. These are very serious indeed.
Tax enquiry advice
With years of experience in local compliance offices and cases of alleged fraud, our team of experts and former Inland Revenue inspectors are well equipped to:
- Help you gain a clear understanding of the enquiry process;
- Shield you from the pressure of the process by acting as a buffer between you and HMRC;
- Progress your tax enquiry quickly and effectively;
- Disclose information to HMRC discretely;
- Demonstrate your compliance or intent to comply;
- Negotiate a fair and favorable settlement;
- Represent you at a tax tribunal or recommend specialist legal advice if needed.