Tax Planning & Compliance
Let us guide you through the maze and help you pay less tax.
HMRC Tax Investigations
Tax Investigation work is big business for HMRC and whatever the size or type of business or the amount of personal finances, there’s an investigator within HMRC whose job it is to ensure tax compliance. HMRC recovers more than £12 billion annually from tackling non-compliance.
I was very happy with the way HW dealt with a long and stressful tax investigation into my company, over the last two years. I would be happy to recommend their services.
They’re often avoidable
Tax investigations can be intimidating and are often avoidable, To help protect yourself it’s best to seek expert advice as soon as possible. Haines Watts have dealt with many individuals and companies who have experienced differing levels of tax investigations, ranging from Income Tax and VAT, through to PAYE investigations.
Early intervention helps
Regardless of the Government body that instigates, early intervention from experts can reduce, or even eliminate the threat of a full tax investigation from occurring.
Many tax investigations begin life as general enquiries from the government body in question. If these enquiries aren’t dealt with promptly and accurately, it’s possible that a full investigation will begin soon after.
In some cases, it is impossible to avoid an investigation, as the HMRC perform general visits requiring certain records and evidence to back up any claims you’ve made. These aren’t full tax investigations, and should be treated with caution to eliminating the risk of a full investigation occurring.
HMRC goes offshore
Since 2007 HMRC have announced a number of successive “tax amnesties” enabling taxpayers to become fully UK tax compliant for the past. The Offshore Coordination Unit (OCU) challenges those who they perceive to have underpaid UK tax, including those who have deliberately evaded UK tax.
Money held offshore often remains untouched for fear of triggering a tax investigation. By utilising these tax amnesties matters can be sorted out, enabling access to those funds. Don’t wait for HMRC to track you down and risk prosecution, take action now and contact us.
If you are already being challenged by the taxman, we can help.
Take it seriously
All enquiries by HMRC should be taken seriously. Time spent at the beginning will be time well spent to ensure that the investigation starts off and continues on the right track.
Haines Watts Tax Investigation Team has dealt with investigations at all levels and know that the involvement of a specialist at the right time can be crucial
For help and advice on any aspect of enquiries or tax investigations contact us today.
