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Did you know?
Last year HMRC collected £41 billion from tax investigations and enquiries. They also revealed that in the year to 2023, it brought in a record total of £843 billion in taxes, up by 15.4% on the previous year.
The stress and cost of an investigation can be considerable and our expertise can save you time and money in the long run. There has never been a better time to subscribe to our Tax Investigation Service. Subscribing clients will also have free access to a specialist Unannounced HMRC Visits Helpline.
HMRC can visit at any time and we believe it is vitally important you can get the advice you need, when you need it. Subscribe to our Tax Investigation Service today to protect yourself from the costs involved in a tax investigation.
It could happen to you.
Every year, HMRC carries out enquiries into the tax affairs of an increasing number of individuals and businesses in the UK. Many people find an HMRC enquiry disruptive, intrusive, stressful and ultimately expensive.
There does not need to be a reason for HMRC to check your tax affairs. If you submit a tax return you can be selected at random, even if you have done nothing wrong.
There has been a surge in compliance cases opened by HMRC as it ramps up tax investigations work. 316,000 checks had been opened in the year to 31 June 2023 – up 30% from 247,000 in the previous 12 months. A tax investigation can cost you thousands of pounds in accountancy fees and can often drag on for years. The average cost of an investigation is £3,800 in accountancy fees.
Nothing to Hide?
Many tax enquiries are conducted at random. Unfortunately even innocent taxpayers get caught up in the process and are under threat of investigation. Whether or not there is an issue with your tax affairs, an investigation is a time-consuming process that can rack up substantial accountancy fees. We have taken out an insurance policy in our own name that is backed by Bspoke Fee Protection, one of the UK’s leading providers. Our policy enables us to provide you with expert advice and peace of mind knowing we will work on your case to resolve the situation up to our service limits.
To download a copy of the TIS booklet please click below.
