These are not common, however we strongly advise clients to be aware of the fact that HMRC may investigate their accounting information at any time. If they decide to formally investigate, they will make contact. The best way to avoid an investigation is to employ an accountant first and foremost. This ensure that your tax return is accurate and complies with the UK tax regime.
What we can help you with
As agents, if an investigation is opened we would liaise with HMRC and construct a response ensuring we provide all relevant information so HMRC can agree the information supplied and filed was correct. We make every effort to ensure we request the required documentation from you to complete your accounts and include full detailed information and disclosures.
We offer protection insurance to clients, so that if HMRC open an investigation you are not liable to paying our fees to respond.
If you currently have an investigation or have one pending, please don’t hesitate to Contact Us for any advice or help.