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Tax Enquiries and Investigations

With tax investigations on the rise across the UK, it is an unfortunate fact that, through no fault of your own, your business may come under investigation.

A full investigation can be a stressful experience, but with our expert advice, you have nothing to worry about.

What triggers a tax investigation?

HMRC has the right to investigate any business or individual to make sure that you’re paying the right amount of tax.

Whilst thousands of random investigations are carried out every year, you are more likely to be investigated if;

  • you file tax returns late or pay tax late
  • your tax return contains errors that need correcting
  • there are inconsistencies between different returns, such as a large fall in income or increase in costs
  • your costs are abnormally high for a business in your industry
  • you have offshore bank accounts
  • you have invested in schemes or funds which HMRC views as tax avoidance investment schemes
  • you operate in a high-risk industry or an industry that HMRC has decided to target
  • HMRC receives a tip-off

How can I avoid a tax investigation?

The best way to avoid a tax investigation is to hire an accountant to handle your tax returns.

Whilst random investigations are unavoidable, working with a qualified accountant should ensure that your tax return is accurate, submitted on time and complies with current legislation.

Find out how we could assist with a possible tax investigation

At PW John & Co Accountants we understand that the threat of a tax investigation is unpleasant, but if you are selected, we will be on hand to support you throughout the entire process.

You can call our team on 01934 412097, email  or complete the form on our contact page and we’ll be in touch shortly.

Here are some more resources that you might find useful;

Corporation Tax

Self Assessment Tax

Tax Planning

Inheritance Tax Planning

Other Accountancy Services

We offer a comprehensive range of accountancy services for businesses and individual clients. Click the links below to find out more.

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