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Taxation >
Tax Investigations
Even if you are happy that your accounting records are sound and your tax affairs are all in order, this does not mean that you will not be selected for enquiry by HM Revenue and Customs. If HM Revenue & Customs investigate your business it can be disruptive, intrusive and expensive.
A new approach by HMRC
From 6 April 2009 HMRC have new powers changing the way they carry out investigations. There is also a new penalty regime designed to increase the levels of penalties charged where tax has been understated.
The first effects of these changes has already been felt. HMRC have stated they intend to force banks holding offshore accounts to provide them with data on clients with UK addresses. This will almost certainly result in an increased number of enquiries into the tax affairs of individuals identified.
HMRC enquiries are on the increase!
See our CCH Fee Protection Insurance blog for further comments.
Why use Hart Shaw?
We have a wealth of experience in dealing with HMRC investigations and negotiating with them. We will deal with the enquiry on your behalf and keep your involvement down to an absolute minimum. This will leave you free to concentrate on your business without distraction. Our negotiations will ensure that the outcome is as favourable as possible ensuring that you pay no more than the right amount of tax, and that the enquiry is concluded as quickly as possible.
CCH Fee Protection
Even if the final outcome of the enquiry is that you don’t have to pay any additional tax, you may be faced with a bill for our professional fees incurred in settling the matter. It is not unknown for a taxpayer to be forced into a settlement, simply because the costs involved in dealing with the case were becoming unaffordable.
To avoid this, we offer insurance which covers you for our costs helping you deal with full HMRC enquiries. This gives you peace of mind knowing we are working on your behalf to get the best result for you, at no extra cost to you. See our Fee Protection Page for more information.
For a current view on the current level of HMRC Enquiries see our Fee Protection Insurance Blog.
For details of our other tax services follow these links:
Contact Steve Vickers on 0114 251 8850 or email him steve.vickers@hartshaw.co.uk to discuss our Taxation Investigation Services. And how we can help you.
We offer all businesses a FREE review of their business activities in the form of a face to face meeting, at your offices, with a Partner who specialises in the area of expertise relevant to you. Please contact Brendan Hall on 0114 251 8850 for more details.
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