Our team of Tax investigation accountants are well-equipped to handle the intricate and often stressful process of tax investigations. Recognising the overwhelming nature of such situations, our professional tax investigation accountants offer invaluable guidance and support to individuals and businesses facing tax inquiries. With our extensive knowledge of tax laws and regulations, we are adept at thoroughly evaluating the strengths and weaknesses of each case. We carefully analyse financial records, scrutinise transactions, and assess potential areas of concern, allowing us to provide clients with a comprehensive understanding of their situation. Drawing on our expertise, tax investigation accountants devise tailored strategies to effectively navigate the complexities of tax investigations. Whether it involves negotiating with tax authorities such as the HMRC, preparing documentation, or representing clients in dispute resolution proceedings, our team of professionals ensure that the appropriate approach is adopted to address the specific circumstances of each case. By working closely with clients, our tax investigation accountants not only provide peace of mind during these challenging times but also instill confidence in their ability to achieve the best possible outcome. With our guidance, individuals and businesses can navigate the complexities of tax investigations with a clear understanding of their position and a strategic plan in place.
Tax Investigation Accountants
What is a Tax Investigation?
Tax investigations can be initiated by tax authorities based on various factors, including discrepancies in tax filings, anomalies in financial records, tips or reports of suspected tax evasion, or participation in high-risk industries. These investigations are conducted to uncover any potential instances of tax fraud, underreporting of income, or deliberate manipulation of financial information.
Once a tax investigation is launched, tax authorities have the power to request and scrutinise a wide range of documents and records, such as bank statements, invoices, contracts, payroll records, and accounting books. They may also conduct interviews with individuals or representatives of the business under investigation to gather additional information.
The scope and duration of a tax investigation can vary depending on the complexity of the case and the extent of the potential non-compliance. It can range from a focused review of specific aspects of tax returns to a comprehensive examination of all financial records and transactions.
During a tax investigation, individuals or businesses may experience increased scrutiny, and the process can be both time-consuming and stressful. This is where tax investigation accountants play a crucial role. These specialised professionals possess a deep understanding of tax laws and regulations and are well-versed in dealing with tax authorities.
Tax investigation accountants provide expert advice and guidance to their clients throughout the investigation process. They thoroughly analyse financial records, identify any potential weaknesses or areas of concern, and develop strategies to address and rectify the issues. Their goal is to ensure that their clients are in compliance with tax laws while minimising any potential penalties or liabilities.
Moreover, tax investigation accountants act as a bridge between their clients and the tax authorities. They can represent and negotiate on behalf of their clients during discussions with tax officials, provide necessary documentation and explanations, and advocate for a fair resolution of the investigation.
In summary, a tax investigation is a process conducted by tax authorities to examine an individual's or business's tax affairs. It aims to ensure compliance with tax laws and identify any instances of tax evasion or non-compliance. Tax investigation accountants play a vital role in assisting individuals and businesses throughout the investigation, offering expertise, guidance, and representation to achieve a favorable outcome.
Why Choose Our Tax Investigation Accountants?
Experienced Tax Investigation Accountants
We understand the pressures of defending an investigation. This can be confusing and difficult period. As tax specialists we can advise you and laise with HMRC for the best outcome.
Speed of Response
When issued with any tax enquiry notice it is important that you cooperate, respond in a timely manner to the HMRC tax investigation enquiries and provide the information that they require. It is also recommended that you work closely with your accountant (if you have one) and a tax investigation specialist.
HMRC Knowledge
Our expert knowledge from working for and with HMRC is invaluable when advising you. Any business can be subject to a tax investigation. Whether you are a large, established business or you are a sole trader, a HMRC tax enquiry can be raised. Every tax investigation whether it relates to Income Tax, Self Assessments, PAYE or Corporation Tax will be conducted by HMRC.
Customer Service
Our customer service is second to none. We really do mean this! We are always on hand to answer any questions or queries. We understand that clients need to be reassured and that our tax specialist are doing everything possible to lead to a optimal outcome. We will be able to advise you on the strengths and weaknesses of your case and identify an appropriate strategy in dealing with your tax investigation.
HMRC Investigations
CoP9/Contractual Disclosure Facility
Code of Practice 9/Contractual Disclosure Facility ("CoP9") from HMRC you are being given notice that the taxman suspects you of committing tax fraud/tax evasion.
Employer Compliance Reviews/ PAYE Inspections.
An Employer Compliance or PAYE review usually involves at least one HMRC officer seeking to inspect your payroll and expenses records together with any benefits in kind you may provide to your employees. Usually the review is conducted by a HMRC Employer Compliance specialist who will seek to inspect the records on your premises.
CoP8 Tax Investigations
Receiving Code of Practice 8 ("CoP8") means that you are likely to be the subject of an in depth enquiry from HMRCs Specialist Investigations ("SI") team. This part of HMRC contains experienced and skilled investigators charged with completing significant civil settlements of tax, interest and penalties.
Criminal Tax Investigations.
HMRC is responsible for investigating suspected criminal activity across the breadth of direct and indirect taxes throughout the UK. HMRC’s criminal investigation policy states that it has complete discretion to conduct a criminal tax investigation in any case, particularly where HMRC feels the need to send a “strong deterrent message” or where the case is so serious that only a criminal sanction is appropriate. However, not every criminal tax investigation results in a successful criminal prosecution.
HMRC Corporate/Income Tax Enquires
HMRC conduct thousands of enquiries each year into businesses and their owners. Normally be a risk or issue that has been identified before the enquiry is commenced.
HMRC Dispute Resolution and Appeals
The vast majority of HMRC enquiries and disputes are capable of being resolved through discussion and negotiation. However, some, despite best efforts, require a different approach in order to make progress. These may be cases where HMRCs view or position on a particular matter is unacceptable or where the inspector is restricted from agreeing a settlement due to internal governance procedures or guidance (such as HMRCs Litigation and Settlement Strategy).
HMRC VAT Tax Enquires
A VAT enquiry often starts with a phone call to your business. An agent from HMRC will call the business and explain that they will be looking at the VAT return submitted for your business and the detail in the VAT return.
HMRC Task Force
HMRC's use of Task Forces to target specific sectors and industries in particular geographical locations commenced in 2011 as part of its strategy to 'resource to risk'. This means HMRC using it's limited resources to focus on those areas and parts of the tax system perceived to represent the greatest risk of non compliance. Since 2011 HMRC has investigated a large number of sectors ranging from the construction industry to the medical profession.
A simple stress free process…
Contact Us
Call us on 02476 017 778 or fill out our online form and we will contact you back
Speak to the experts
Our tax investigation accountants will speak to you and help you better understand your situation and how we can help you achieve a resolution.
Confidential analysis
Our expert team will confidentially check through your tax documentation
Resolution
We will find the most cost effective outcome to help you resolve your tax investigation.
We have successfully helped hundreds of businesses and individuals with Tax Investigations and disputes.
Tax Investigations can be extremely stressful. We will be able to advise you on the strengths and weaknesses of your case and identify any appropriate strategy in dealing with your tax investigation.
What to expect from our team...
Same day help. We will support you from the moment you contact us
Non-judgemental. We are here to help, not to judge
Rigorously defend your position within the scope and parameters of the law
Take control of the HMRC investigation
Deal with HMRC on your behalf allowing you to focus on your business
Effective processes to achieve the closure of the tax investigation
Care vehemently about our clients and that they are treated justly and fairly within the scope of the law
Contact us.
info@cheylesmore.com
(02476) 017-778