Tax investigations arise in various ways, from a PAYE review, a VAT review, an enquiry into a single entry in a tax return or a detailed enquiry into business records. In all instances a tax investigation can be one of the most stressful things in life and very time consuming. We have assisted clients ranging from sole traders to limited companies, resolve tax investigations, tax enquiries and tax disputes with HMRC.
Our aim is to do everything possible to minimise the pressure on our clients leaving them to concentrate on their business.
With greater powers than ever, HMRC can turn the spotlight on your tax affairs at any time. It is vital that you involve your accountant from the outset as without professional representation you could easily end up paying more to HMRC than necessary in the form of tax, interest and penalties.
HMRC enquiries are time consuming, often can drag on for a year or more, and the professional fees involved in obtaining the best result for you can be considerable. With the increasing risk of HMRC enquiries it is important to consider taking out an annual insurance policy to protect you and your business from the unexpected and potentially significant costs. We recommend that you protect against such costs and suggest Tax Insurance provided by PfP, we can provide information on the cover provided by their scheme.