At PKP we understand that tax is a little word with big implications: that is why we work hard to give you the best possible advice and strategies to make tax altogether less taxing.
The very thought of an HM Revenue & Customs (HMRC) enquiry can be daunting but, in the event that you are chosen for investigation, we can help you at every step of the process.
We can demonstrate to HMRC that you are paying the correct amount of tax and assist with the investigative procedures. This takes time, expense, and flexibility on our behalf - all of which means that tax enquiry charges are an unavoidable addition to our regular service fees.
To give you peace of mind we offer a Tax Enquiry Fee Protection Service. The service is provided by Taxwise, specialist providers of Tax Fee Protection Insurance Schemes to accountancy practices. The service is backed by an insurance policy, under which we can claim the costs of defending clients in tax enquiries.
We will deal with any correspondence, checks or visits from HMRC, and the potentially high costs of dealing with such enquiries will not be passed on to you. As an added bonus, clients who subscribe to the service will also be able to obtain helpful advice about the complex areas of employment law and business safety.
With the public finances so tightly stretched, HMRC has been set the ambitious target of increasing tax revenues. HMRC has responded strongly by:
- Initiating a number of campaigns targeting taxpayers, whom HMRC believe have declared incorrect tax
- Launching a number of task forces, which target certain trades in specific areas
- Recruiting 2,500 new Compliance Officers
- Targeting 20,000 Business Record Checks each year
- Undertaking more enquiries and Compliance Visits than ever before.
Any taxpayer can be targeted by HMRC to check that they are paying the right amount of tax. Answering all of HMRC’s questions takes time and professional expertise: enquiries often drag on for months and sometimes take years to conclude. It can cost thousands of pounds to defend you, whatever the end result.
As a valued client we strongly recommend that you take advantage of this service. Should you require further information, please contact us.