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Anyone – businesses or individuals – can be subject to a tax enquiry or investigation and as anyone who has been in this position will tell you, it is a very stressful experience. In many instances, the taxpayer involved was unaware of their compliance obligations and also unaware that they have a legal responsibility to ensure they know what the rules are. These days, ignorance is not an acceptable excuse for non-compliance.
Whatever happens, don’t worry about your HRMC enquiry.
Be confident you are in safe hands and be assured that we can help make it as stress free and smooth as possible.
Aside from ever more complex regulations, there’s continued confusion among taxpayers as to what constitutes acceptable tax planning and what constitutes tax avoidance or evasion. Paying the legal minimum by taking advantage of HMRC approved tax relief opportunities and entering into convoluted, artificial arrangements in order to benefit from ‘loop holes’ are two very different matters.
If you wish to protect yourself or your business from the potential costs of a tax enquiry, we can also provide tax enquiry protection insurance. By covering the cost of professional fees, this helps to keep expenditure related to a tax enquiry or investigation to an absolute minimum.
If you have entered into aggressive tax avoidance schemes, or have failed to take tax compliance seriously, be aware that HMRC have further increased the volume of their investigations and are taking full advantage of their considerable power to collect as much tax as possible. As a taxpayer, you may be targeted with an enquiry into historical VAT, PAYE, corporation tax and personal tax.
RJP can provide expert tax enquiry advice and assistance with handling all aspects of a tax enquiry. This includes representing your interests with HMRC and managing all negotiations. In the majority of cases, our support will mean you can avoid a full tax investigation, but in the event your enquiry goes to tribunal, we’ll be there to provide guidance and advice at every stage. We’ll also help you to negotiate the most favourable outcomes possible if a penalty is enforced by HMRC.
I just wanted to drop you a short note to say how grateful I am for the support that RJP has provided over the past 4 weeks while our Financial Controller was away. I struggle to comprehend how much work your staff get through during their weekly visits and they are always a pleasure to have around the office.
I Evans, CFO, MoblicitiJust a quick e-mail from me to thank you for achieving the target for producing the draft accounts – it is very much appreciated and gives a first class impression of your firm. Many thanks.
J Stanfield, Chairman, BBS Actuaries LtdI would like to take this opportunity to thank you very much for the amazing job you have done navigating us through this whole process. My family and I also really appreciate the care and compassion demonstrated by you and your team in every dealing. Our thanks to everyone.
M Goldsmith, Private Client
Capital gains tax is due to be reviewed by the government and if a CGT rise is announced, the new rates may become effective from the next tax year on 6 April 2021. Take advice now if you are thinking of selling property or have other assets giving rise to a capital gains tax liability.