Tax investigations

Tax investigationsWV Tax prison

Need help fighting the Taxman?
Over 250,000 investigations are carried out by HM Revenue & Customs (HMRC) every year. They choose investigations at random as well as for specific reasons. An in-depth investigation is not a pleasant experience and it is essential that you take expert advice to ensure you do not get trampled on.

If you are selected for investigation, you need an accountant who knows how HMRC works and thinks and is prepared to fight your case. We make sure that HMRC keeps to their own internal guidelines and don’t over step the mark. We will talk you through the investigation process so you know what to expect and support you throughout.

Louise Lane, our Senior Tax Manager, heads up our Tax Investigations team. Throughout the firm, we have a wealth of experience and expertise in dealing with all varieties of investigations.

The penalties
There are various penalties HMRC can seek to impose following an investigation. We can help you minimise these penalties. As well as having to pay the tax, you can find them seeking penalties up to an amount equal to the tax, so doubling your tax bill. Interest on the late payment of the tax is also part of the arrangement – not a pleasant experience.

Prevention is the best defence
Whilst with random investigations anyone can come under enquiry, you can help to avoid the chance of an investigation into your affairs for other reasons. We know the triggers that often give rise to investigations if not fully explained to HMRC when submitting tax returns and accounts to them. This really does help to minimise the chances of you being on the wrong end of an investigation.

Dealing with tax investigations is expensive
It is worth considering protecting yourself from the accountancy costs of dealing with investigations as the amount of work involved is often substantial.

We cannot prevent you from being investigated by the taxman, but we can help to ensure that you get the best possible support and advice without having to worry about the cost. For details of how we can cover the cost of tax investigation accountancy fees please email action@wrightvigar.co.uk