Tax Fee Protection Service
Monday, 06 November 2017
The Government is faced with unprecedented levels of deficit. As it works to fill a public finance black hole, it has allocated significant resource to HMRC to yield increased tax revenue by carrying out compliance checks.
We have seen an increase in the number of enquiries raised on tax returns and the tax authorities now have more powers than ever to investigate UK businesses.
What could an investigation involve?
Some investigations will involve a detailed examination of a specific item on a tax return, others may extend to a full review of all individual or business affairs. HMRC have the power to inspect business documents and assets at your premises, can ask for documents and information, make unannounced inspections and can look at records going back six years.