Keep your tax history clear and up to date and protect yourself from HMRC tax investigation by availing our tax investigation services throughout the nation at a fixed and affordable price.
An official inquiry into the tax payment history of an organisation / business / sole trader etc. is called as tax investigation. The HM Revenue and Customs (HMRC) conducts the tax investigation in UK. The severity of an investigation varies from case to case.
Irrespective of the size of business it has been observed that HMRC launch a tax investigation at any time. Regardless of the type and size of organisation this experience of HMRC investigation is stressful and can prove to be expensive for the organisation. In recent past it is observed that HMRC has increased its focus on small businesses and individual taxpayers.
The government in order to fill the gap in public finance which equals to billions of £’s a year, continues to invest millions of £’s in budget so that fraud and tax evasion can be tackled. As a result of which there is an increasing chance of you getting inspected by HMRC for tax.
When you are being investigated by the HMRC you will not be aware of the reason behind it whether it is random or on basis of suspicion. This in itself is daunting. The following step takes place when you are being investigated.
Being investigated by the HMRC is a time consuming and an expensive process. It can be intimidating to you and your employees and can hamper the business. We help you with HMRC tax investigation procedure in the following ways.
We abide by our values of integrity and precision and these are of utmost importance to us. We precisely and with 100% honesty prepare your tax records in compliant with the norms so the risk of investigation can be avoided.
7% of HMRC investigation is random apart from that HMRC will commence an investigation backed by a reason. Sometimes this happens because the taxpayer is unaware of or there is a misunderstanding of information that has been provided. In such circumstance’s very little can be done. But in many cases, it happens because there is some suspicion by the HMRC that the taxpayer is not submitting the correct amount of tax due and in such cases the investigation can be very challenging and intimidating process. Although the chances of you being targeted for a tax investigation, can never truly eliminated there are certain precautions that can be taken to help you to avoid investigation and stay low on the taxman’s radar.
The exact amount of time a tax investigation will require depends on the nature of investigation it can take week, months and in some cases year also.
It is quite rare that a tax investigation by HMRC turns into a criminal investigation, but a 100% penalty is observed in few case. Although some severe cases may result into imprisonment.
All paperwork showing and supporting your tax calculations and returns are to be submitted to HMRC as and when you will be investigated.
Avail the best investigation service across UK and free yourself from the stress of being investigated and take precaution under our guidance and avoid being under a taxman’s radar at all this at a fixed and reasonable price.