What is a tax investigation?
A tax investigation is when HMRC make enquiries into your tax affairs. This can range from a phone call to a full blown investigation where they will go through the full books and records.
In recent years, we have seen an increase in the number of enquiries, both into individual tax returns and company returns. The tax authorities now have more powers than ever before to investigate UK businesses.
An enquiry or investigation into your tax affairs by HMRC can be disruptive, intrusive and expensive. It can also be a long and time-consuming process, in some cases lasting for a year or more.
Why should I worry - I haven't done anything wrong?
Just because you haven't done anything wrong doesn't mean that you can't be investigated. There doesn’t need to be a reason for HMRC to trigger an investigation. Every taxpayer who submits a tax return is at risk. Whether you win or lose, you always have to pay the cost of handling the investigation, which is over and above our normal fees at DRG Chartered Accountants and the costs involved could be substantial.
Our Tax Investigation Protection Service
Our Tax Investigation Service will cover our professional fees that result from most types of HMRC investigation or enquiry.
Read more about our Tax Investigation Service
Tax Investigation Service - What does the service include?
Tax Investigation Service - Frequently Asked Questions
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Maidenhead-based DRG Chartered Accountants offers a range of accounting and tax services, To find out more about our tax investigation protection service or to take out an annual subscription, please do get in touch.