Tax Record Checks, Enquiries & Disclosure
Now that most of UK taxes are dealt with under a system of Self-Assessment, HMRC have the power to carry out routine checks and visits to business premises to ensure that procedures are being correctly followed and the correct amount of taxes are being paid over. HMRC also check to ensure that the appropriate records are being kept.
Even routine records checks from HMRC can be time consuming and stressful, and they can prove to be a bit of an upheaval for businesses. Our experienced team will work with you and liaise with HMRC on your behalf and help guide you through the whole process, so as to minimise the worry and disruption to you and your business.
Where HMRC want to look more closely at your tax affairs or have reason to believe that something is wrong they may make a formal enquiry. Our expertise can help you through the whole process of an HMRC enquiry. Even if there is nothing wrong with your tax affairs, HMRC will want to satisfy themselves that this is the case. We will work with you and liaise on your behalf with HMRC to help wrap things up as quickly as possible.
Where you believe that you have previously undeclared income and/or capital gains we can guide you through the process of identifying any liability and assist you with a disclosure to HMRC. HMRC have the powers to charge penalties in respect of undisclosed tax liabilities which can be up to 100% of the tax due; and in respect of some foreign sources; 200%. With our assistance we can help to accurately identify the correct tax liability and ensure that any penalty charges are kept to a minimum.
Fee Protection Insurance Scheme
We offer our clients insurance against the cost of an HMRC enquiry and or investigation. By joining, you can be confident that we can defend your position and ensure that HMRC are not being unreasonable, without having to worry about the amount of professional charges being incurred. We recommend our no nonsense policy to give you complete peace of mind.