With HMRC significantly ramping up compliance efforts in recent months and future investment into additional staff, the risk of a tax investigation is becoming more of a concern for both individuals and businesses. Proactive measures are key to mitigating that risk....
Anyone can face a tax investigation. Whether you are a freelancer, a business owner, landlord or a professional filing a self-assessment tax return. HMRC conducts thousands of investigations each year and even with accurate records and no wrongdoing, you could still...
Tax investigations can happen to anyone – whether you are an individual or in business – however good your records are. HMRC regularly undertake random enquiries as a means of policing the system. With a large deficit to fill and investment by the new government over...
Introducing our Tax Investigations Insurance: At a time when HMRC seems more stretched than ever, you would think the chance of a tax investigation is relatively low. However, with a significant deficit in the UK economy, the new Labour government is set to hire...
HMRC have released data on their Tax Investigations Campaigns showing revenue from January 2015 to March 2017. As you can see from the increase in the chart below, the income achieved from these targeted areas has been significant. Campaign Launched 31/1/2015 (£)...
No business owner likes the idea of facing a Tax investigation by HMRC, but it’s an unfortunate reality in many cases. In fact, around 1 in 10 small businesses are under investigation at any given time, according to David Richardson, interim director-general of...
