A tax enquiry can be a stressful time. We try to ease the strain for you in our dealings with the tax authorities. Of course you remain responsible for your own affairs, but we can handle the conduct of the enquiry and help protect your rights as well as advise you of your responsibilities.
We recommend that our clients take advantage of the BSS Tax Investigations Service which is a scheme run by CCH to reimburse the accountancy fees incurred if you are subject to a tax enquiry. (It does not however cover any of the cost of the tax liability itself.)
An HMRC tax enquiry can take many different forms. It may be:
- A random enquiry.
- An enquiry into a particular aspect of your (or your company’s) tax return, which could be dealt with relatively simply or which could be a more technical matter.
- A full enquiry into all your tax affairs for one or more years including, in particular, a detailed review of your the books and records of your business.
- A PAYE routine visit or an in-depth enquiry.
- A “serious” investigation, including one by the Special Compliance Office which could be an enquiry into irregularities or into a significant technical matter.
Whatever the nature of the tax enquiry it is important that you are well advised. You cannot, unfortunately, rely on the tax authorities necessarily to establish the “correct” amount of tax that you may owe. Some points are not clear-cut and are open to interpretation – you need to have your affairs negotiated and presented for you in the most favourable light.
We can also help you to prepare for other investigation events such as VAT or Employer Compliance visits. If you find yourself notified of any kind of audit or investigation visit, please contact us as soon as possible.