Protect yourself/business now with our Tax Investigation Service
With a budget deficit of over £300 billion, we fully expect HMRC to raise more enquiries this year and next to increase tax revenue to plug the hole left in the Government’s finances by the economic damage caused by Covid-19.
For those who have relied on a Covid-19 support scheme such as the CJRS (furlough scheme) and the SEISS (self-employed scheme), it is likely that HMRC will be looking a lot more closely at tax returns, payments and compliance history. Tax and VAT repayments will also be checked more rigorously alongside the usual full tax investigations.
Last year, HMRC collected £34.1 billion through tax investigations and enquiries. What’s more, HMRC can target anyone who submits a tax return and their highly efficient ‘Connect’ software is accessing and trawling through financial information right now. 83% of tax investigations are triggered by the ‘Connect’ system.
Better safeguarding for you and your business
With this increased activity and higher numbers of tax investigations, it’s never been more important to protect yourself and/or business with our tax investigation service. For a small yearly fee, we will:
- Defend you if you are selected for a HMRC tax investigation
- Cover all costs included in the service so that you know where you stand
- Support you through the process and minimise any hassle and stress.
What happens if I don’t protect myself/business?
HMRC can investigate anyone at random at any time. If you’re not protected, the costs of a tax investigation can go into thousands of pounds and last months.
Dealing with a tax investigation isn’t included in our normal costs, so it pays to act now and safeguard yourself/business against the cost and stress of a tax investigation.
Act now to protect yourself/business
As your accountants, we want to make sure you’re safe, secure and protected in every possible way. That’s why we strongly recommend you take advantage of our Tax Investigation Service.