Investigations

Tax Investigations

In recent years, HMRC has significantly increased the number of tax investigations being conducted, meaning that it’s more important than ever to keep accurate records and file tax returns on time. HMRC can initiate an investigation at any time and to a business of any size, from sole traders to large corporations.

Types of tax enquiry

There are two types of tax enquiry: a formal notice and an informal request for information. These are sent in writing, and any required information must then be provided within 30 days. If an investigation is initiated, it may explore a full return, or a single aspect of it.

The costs associated with an investigation can escalate quickly, and so can the pressure placed on your internal teams. That’s why we offer tax investigation services for Ilford businesses – to alleviate some of that burden and ensure any issues are resolved quickly and satisfactorily.

How our Ilford accountants can help with tax investigations

At JR Accounts, our Ilford accountants have years of experience in dealing with both enquiries and investigations, and can manage the whole process on your behalf. Our tax investigation specialists will liaise with HMRC to understand what is required, and will then gather and submit all the necessary information for analysis. If a meeting with HMRC is arranged, we will attend it and deal with questions, ensuring all the correct information is given.

Whether you’re facing a PAYE, tax or self-assessment investigation, our team can identify any errors that may have been found, and seek to resolve them. Often, an enquiry is made due to an honest mistake, such as a typo or missed expense, and in such cases we’ll negotiate with HMRC regarding any additional tax liabilities that have arisen, and aim to secure the minimum penalty.

Ultimately our objective is to relieve some of the pressure that results from an HMRC investigation and support you through the process, so you can continue to run your business. Our tax investigation accountants will work with discretion and empathy to conclude matters as favourably as possible.

Get in touch for tax investigation services for Ilford businesses

If you have received an enquiry letter from HMRC, or think you may have made a mistake with a tax return, get in touch with our expert accountants in Ilford. We can help with everything from tax compliance checks to the resolution of enquiries, all with minimal disruption to the day-to-day running of your organisation. Contact our Ilford accountants today to arrange a confidential consultation.