There are lots of different reasons for HMRC deciding to investigate a business and review the amount of tax that has been paid. If you are subject to a tax investigation it can be a very stressful process and time-consuming.
As experienced tax specialists, we are often called in to support our clients if they must undergo a tax investigation so we know what a challenging time it can be. This article outlines some types of tax investigations and how we can help.
Here are some types of tax investigation you may experience:
If you are informed by HMRC that you need to undergo an investigation then you need to contact your accountant immediately and they will advise on how to prepare for the investigation and will also be able to support you during the process. This can be a very costly process, therefore, we suggest that our clients take out insurance in advance.
Our fee protection is provided by PFP, they have had years of experience working with accountancy firms and therefore provide fee protection that provides cover for all the different types of investigation that could take place. Their comprehensive cover is for up to £100,000 and expert tax advice, with no excess as standard.
If you want to find out more about fee protection or if you are subject to a tax investigation then contact us and we can advise you on how to proceed. You can email us at This email address is being protected from spambots. You need JavaScript enabled to view it. or call 01623 490 120.
Haidee is our Personal Tax Director and is a fully qualified tax adviser, having achieved the ATT qualification in 2006. Tax efficiency being her main concern. Specialising in taxation, Haidee provides clients with advice on personal tax, PAYE services, VAT and social security. She also provides guidance to new start-up businesses.
Call us today on01623 490120
or email info@watsonk.co.uk
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