In the past couple of years it’s been widely acknowledged that HMRC is conducting more tax investigations than in previous times. But while some specific sectors have been named as particularly being focused upon – for example doctors, plumbers and e-traders – it’s worth remembering that every business and individual might be selected for a tax investigation at any time.
There are a variety of reasons why an investigation might be triggered (click here to read more about them), but random selections are also made, so there is no way of telling whether your past returns – and even your current year’s affairs – will be put under scrutiny.
To avoid prolonged disruption to your business, and protect you from the distress of the process itself, we can represent you during an investigation – but of course there are costs involved. The best way to protect yourself against unexpected expense of the tax investigation professional fees is to subscribe to our Tax Investigation Service, which will cover the cost of us representing you during an HMRC investigation, or a PAYE, NIC or VAT dispute.
For a surprisingly low cost, we can offer you peace of mind in financial terms, and also ensure that if you are selected for a tax investigation, you will have the benefit of a trusted professional to provide you with expert representation. For more detail, please visit our Tax Investigation Services page, call 01245 453881, or alternatively email gary.white@cbhc.uk.com.
