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The HMRC (Inland Revenue) no longer need a reason for opening an enquiry into your business or personal affairs – everyone is at risk. HMRC can go back through seven years worth of accounts and tax returns and your accountant will be required to get heavily involved. TaxAssist Accountants can offer you TaxProtect Fee Protection Insurance which covers the cost of any work your TaxAssist Accountant has to do towards an investigation. The costs associated with an investigation can be crippling and untimely and we feel that this insurance truly gives you the peace of mind should you be investigated. Not only that, the TaxAssist Accountant will be provided with experienced consultants (paid for by the insurance) to assist through the investigation making sure it is resolved as quickly as possible. |
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How can I avoid an investigation by HMRC?
For the random investigations the HMRC can implement it is unavoidable however this is only a small percentage.
The best route for avoiding an investigation would be to employ an accountant first and foremost. TaxAssist Accountants have software which will analyse the completed tax return to check for anything which may be flagged up by HMRC. It's at this point we can then make notes by anything that may arouse suspicion. The more information we provide the less likely an investigation.
If you think your business should be protected from a tax investigation or if you would like to speak with a TaxAssist Accountant then call us now on 0800 0523 555 or fill out our contact form for a free consultation.
Printable 'Tax Investigations' Page
Text 'Tax' to 60300 with your name and postcode.