Tax Investigations

A tax investigation is where HMRC decide to open an enquiry into a business or your personal tax affairs.

At C & C Accountancy and Taxation Services we can handle any tax investigation either in full or a specific aspect of the enquiry.

We can discuss your concerns and provide guidance on how you should proceed when dealing with HMRC.

Tax investigations can be stressful but we like to provide you with the knowledge of knowing you have a professional team around you to guide you and give peace of mind in knowing that the matter will be resolved.

Dealing WIth Tax Investigation

Many businesses will face a routine tax audit from time to time. More serious tax investigations are likely if HM Revenue & Customs (HMRC) suspects your tax returns are inaccurate.

Tax audits and tax investigations can be complex and very stressful. Unless you are very sure of your position, you should take professional advice as soon as a tax investigation or inspection starts.

Routine tax audits are much less likely when it comes to income tax or corporation tax. Instead, the focus is more on tax investigations where HMRC has reason to believe you are either making errors or deliberately concealing income.

On average, tax audits can be expected every five years or so, while only a few per cent of income tax and corporation tax returns are investigated each year. But the frequency of tax audits and the likelihood of in-depth tax investigations increases if HMRC suspects that tax is being underpaid.

Tax investigations and frequent tax audits are more likely if:

  • you file tax returns late, pay tax late or make errors that need correcting
  • there are inconsistencies or substantial variations between different returns, such as a large fall in income or increase in costs
  • your costs are abnormally high for businesses in your industry
  • your tax returns are inconsistent with how busy your business actually is or your standard of living
  • you have offshore bank accounts
  • you have income from property
  • you operate in a high-risk industry, such as businesses that routinely take cash payments, or an industry that HMRC has decided to target
  • HMRC receives a tip-off

You may want to consider taking out insurance to help cover you against the costs of a tax audit or tax investigation, or joining a business association that offers this as a benefit.

Tax Investigation Service

Tax Investigation is where HMRC decide to open an enquiry into a business or you’re personal tax affairs.

At C & C Accountancy and Taxation Services we can handle any tax investigation either full or aspect enquiry.

We can discuss your concerns and provide guidance on how you should proceed when dealing with HMRC.

Tax investigations can be stressful but we like to provide you with the knowledge of knowing you have a professional team around you to guide you and give peace of mind in knowing that the matter will be resolved.

Tax Investigations with C & C Accountancy & Taxation Services

At C & C Accountancy & Taxation Services we provide our full attention when helping our clients with tax investigations. We have the understanding, skills and experience to support you and get you through whatever HMRC may throw at you – we have gotten some great results for clients!

For more information on our tax investigation services or for more information on how we can help you, contact us on 01708 471 442 or fill in the form for a free call back.

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