How we can assist with a tax investigation from HMRC
Tax investigations are expensive, intrusive and stressful. The cost of an enquiry can seriously impact your financial security, and your health!
No business is too small or too large for HMRC to challenge, but we are here to take the stress away, and give you peace of mind, starting from as little as 25p per day.
How do they do it?
HMRC uses a system called Connect. It’s designed to identify where too little tax has been paid. It’s now responsible for selecting 9 out of 10 enquiries, and does this using technology to identify anomalies between such things as bank interest, property transactions and lifestyle indicators to decide which people to investigate.
How much does a tax investigation cost?
Even if HMRC agree that you’ve done nothing wrong, you still need to prove this, which is where we come in.
As we know your business inside and out it makes sense if we manage the investigation for you, and handle all communications with HMRC. This can sometimes be a lengthy process, and could cost as much as £15,000!
Facts and figures
In 2017/18 HMRC collected £30.3 billion through tax investigations
The average cost of fees for an investigation are around £5,000 or more
A typical enquiry can take over 18 months to resolve
The number of Tax investigation insurance claims increased by 28% between 2015 and 2017
We are pleased to offer our Kinder Pocock Tax Investigations Service, which is designed to provide you with protection against the costs of an enquiry, and includes:
Covering the full cost of an enquiry
Ensures you receive the best defence so that your tax position is protected
Enables us to challenge HMRC’s assertions and assumptions head on, including complex or technical tax cases
Handling all correspondence and interaction with HMRC, including attending any 1-1 meetings
Comfort and peace of mind that we will fiercely defend any enquiry into you or your business.
Most importantly your professional fees will be paid.
What you need to do now
You can sign up here for our tax investigation service.
As we feel it is important for all clients to have this protection in place, we are providing this protection for an affordable annual fee starting at £90 inc VAT for personal tax clients.
Could this be you?
Example 1: HMRC opened a full enquiry into a self-employed caterer. The Inspector requested all of the books and records, and made further enquiries about the expenses claimed. We managed to lose the eqnuiry via correspondence alone, with no adjustments required to the return. Yet fees still amounted to £2,000, covered by the tax investigations insurance.
Example 2: HMRC opened an enquiry into one aspect of a business partnership’s tax return. It only lasted 6 months, however it still cost £10,000 in fees, despite the return being 100% accurate.
Sign up now for our Tax Investigation Service here.
For further information please contact us by calling 01432 273400 or email firstname.lastname@example.org