A tax investigation by the HMRC can be a stressful and worrying experience. HMRC can now review cases on a ‘sample basis’; consequently, tax investigations have become more frequent. We have a wealth of experience in dealing with Inland Revenue investigations, including dealing with the Special Civil Investigations department, whether they are enquiries into an individual’s Tax Return under the Self-Assessment regime, more detailed enquiries or employer-related investigations into PAYE and P11D compliance. if you are about to be the subject of an investigation, we can provide expert help and support.
With the increased risk of such investigations it may be worth considering taking out our annual insurance policy to protect you and your business from unexpected costs; an investigation will undoubtedly result in additional accountancy work being undertaken. The amount of work will depend upon the complexity of the case but the cost of that work could be substantial and it would therefore be advisable to consider insuring that risk as the cost of this insurance premium is minimal due to our excellent claims record with the insurance company.
Tax investigation Insurance
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This material provides only an overview of the regulations in force and no action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a result of the material can be accepted by the authors or the firm.