HMRC Enquiries
What is a HMRC enquiries?
It is when HMRC will look into the details and question any abnormal amounts reported or claim made in your tax return.
The check could be based on information HMRC hold or an error they have picked up, or it could be completely random.
Why do HMRC enquiries take place?
HMRC enquiries take place with he aim to collect additional tax due where errors have been made on a tax return. They could have been unintentional errors or claims made however, they have resulted in less tax being paid and HMRC seek to remedy this through an enquiry or compliance check.
Penalties
Where a large amount of tax has been unpaid from finding following HMRC enquiries, taxpayers could potential face penalties ranging from 30% to 100% of the unpaid tax.
How can we help with HMRC enquiries?
With experience, we have learnt and picked up methods of dealing with HMRC enquiries / Tax investigations effectively. Someone without this experience could end up back and forth with HMRC for months on end.
We can help to identify exactly what is needed and raise any defences were possible, helping to bring compliance checks to a close.