A Tax Investigation – What is it?
HMRC can review your tax affairs and the finances of your business at any time. There may be a specific reason or you may be selected at random. They are now using sophisticated software to start more than 80% of these enquiries, covering all aspects of taxation. The number of these enquiries has risen in recent years including last year by 21%. The Labour government have pledged an additional £555M per year for additional resources at HMRC, so we don’t believe these enquiries will become less frequent any time soon.
Protect yourself from a Tax Investigation
At Barrons, we offer a service to support you, should HMRC decide to investigate your tax affairs. Tax enquiries can be costly and our expert support in dealing with these is not included in your normal accountancy fees. Spending a small amount now on our Tax Fee Protection means that you will receive complete support if HM Revenue & Customs (HMRC) decides to investigate. By subscribing to our Tax Fee Protection, we can represent you at no extra cost, ensuring you get the best possible defence.
Call 01702 481910 to protect yourself from an enquiry!
Reasons to take action
HMRC enquiries can be random, anyone can be targeted, even if you have done nothing wrong.
Last year the number of HMRC enquiries increased by 21% and HMRC generated an additional £34bn
in tax by targeting non-compliance.
The Labour government have pledged to invest £555M a year in additional HMRC resources and so
the increase in HMRC enquiries looks set to continue.
HMRC use a sophisticated database called Connect to start more than 80% of enquiries. Connect
analyse over 55 billion lines of data, including social media accounts, DVLA records, land registry and
bank accounts.
If HMRC select you for enquiry they will potentially look at all your books and records and/or ask
for more detail on specific transactions and may then raise an assessment for additional tax due.
We can represent you assuring the best possible defence against HMRC. However, our normal
accountancy fees do not include the cost of dealing with enquiries, which can be costly and complex,
even if no additional tax becomes due.
For a relatively low cost our Tax Fee Protection protects against fees we may incur dealing with HMRC
enquiries. We will manage the whole conversation with the taxman and challenge any findings at no
cost to yourself.
The protection gives you the comfort of knowing that we can defend you at no extra cost if you fall
under HMRC’s spotlight.
This protection includes complimentary telephone access to Business Support Advice Lines.
We strongly encourage you to protect against the risk of an HMRC enquiry.
Additional Benefits
The protection provides telephone access to advice on Employment, Health &Safety and general legal issues. Including:
Employment Law – Including performance and absence management, TUPE, redundancies, calculating holiday entitlements, grievances, disciplinary processes.
Health and Safety – Risk assessments, fire safety, first aid, RIDDOR and more.
General Legal Issues – Any UK commercial or personal issues.
“HMRC activity has increased significantly in recent months, and with the Labour government pledging to invest £555m a year in additional HMRC resources, this trend looks set to continue.
Purchasing our Tax Fee Protection ensures that if you are subject to enquiry by HMRC our fees are one less thing to worry about. We can defend you for as long
as it takes to get the right result.”
Gary Raven – Managing Partner Barrons
To find out more about our wider taxation, please follow the links below:
