Is your business prepared for a Tax Investigation?

With the HMRC reportedly launching over 137,000 tax investigations in the six months leading up to December 2021, perhaps now is the time to look at what a Tax Investigation Protection Services could offer your business.

Tax investigations by HMRC are on the rise and this is likely to continue as more focus is placed on compliance activity as the government looks to recoup revenue severely impacted due to COVID.

Government staff no longer working on pandemic activity are now able to concentrate on tax investigation.

We would urge businesses to be open and transparent with HMRC. If you have had difficulties and think this may imapct your ability to pay tax on time, speak to HMRC as you are likely to be able to set up a payment programme suitable for your circumstances. Not engaging with HMRC could lead you wide open for future scrutiny.

Why you should consider a Tax Investigation Protection Service?

A Tax Investigation Protection Service for businesses can help in circumstances like this where an investigation by HMRC is instigated. This annual cover will mean you will be covered for our fees should we have to deal with an HMRC tax enquiry on your behalf.

Costs can escalate during an enquiry depending on the detail required by HMRC so this can offer peace of mind.

If you pay tax, then it could be you under investigation by HMRC, so this type of protection service can really be worth it.

This may include, but not limited to:  

• Dealing correspondence from HMRC and attending meetings if required
• Income & Corporation Tax Self-Assessment
• VAT Disputes
• Employer Compliance Disputes
• Individual cover for directors or partners and spouses for their personal tax returns
• Clients have access to an employer HR helpline to help with HR guidance

Our accounting services

We offer a range of compliance services to help your business manage everything financial, including Tax Protection Investigation Service, annual accounts, Corporation tax, Partnership tax, Personal Tax Returns and more. Let us help you navigate this complex but crucial business function. Contact Our Accountants In Oxted to get started!

We are ICAEW Chartered Accountants based in Oxted, Surrey our team of accountants can help you navigate your financial journey.