Any taxpayer can be selected for investigation. HMRC are proactively targeting tax payers using sophisticated software that searches big data looking for discrepancies. Anything that does not cross match could be selected, regardless of the reasoning. You can even be selected at random. HMRC do get it wrong, many enquiries result in thousands of pounds in fees but in no additional tax liability.
Tax investigations can take months and are both stressful and costly. Not to mention a distraction from your usual day to day focus. Even if you have done nothing wrong, if an investigation is launched, it is wise to get immediate professional advice and representation from your accountant. This fast intervention can lead to early resolution and mitigate any additional tax due, dealing with HMRC without this expertise can make matters worse.
Unfortunately, such representation does incur fees and can be costly, especially if it takes some time to resolve and requires in depth records being prepared to support your case.
Get Protection and Peace of Mind for you and your Business
For your peace of mind, Kingston Burrowes offers all its clients the option to purchase our Tax Fee Protection Service, in partnership with PfP Online.
By subscribing to the tax investigation fee protection service our fees will be paid for if HMRC investigate you, and you’ll be reassured to know that you are dealing with a trusted and familiar face.
We believe that we know your business best and we want to be there for you when you need us most. Find out more or sign up for the Kingston Burrowes Tax Fee Protection Service.