HMRC PAYE investigations
HMRC investigations can take many forms, including Pay As You Earn (PAYE) checks. And, while HMRC carries out random compliance examinations, they are relatively few and far between. Whatever the scenario, if your business is the target of an HMRC investigation, it’s important to be prepared, which is something we can most certainly help you with.
Here at JR Accounts, we want to reassure you that should you find yourself faced with a PAYE investigation, we’ll be able to provide you with a helping hand and all the advice you require to tackle the investigation with confidence. We’re also pleased to be able to provide you with details on what to expect should an investigation be initiated.
What to expect with PAYE
An investigation can start at your home, your business address or the residence of your business adviser. Or, you may be asked to visit HMRC, in which case, you’ll be allowed to bring a legal adviser or accountant with you. Before any investigation begins, you should receive an information notice or an actual inspection. If you fail to respond, you could be hit with a financial penalty. Once the investigation has taken place, you’ll be required to pay the shortfall within 30 days – or reimbursed if it’s found you have paid too much tax. In the event of underpayment, you may be liable to a penalty payment.
Through the support of our experts, we’ll be able to answer any questions that may be posed to you by HMRC regarding the PAYE in your business, working to identify any potential errors that may have been found and seeking to resolve them. We will also aim to negotiate with HMRC any additional tax liabilities that may arise as a result of the investigation.
HMRC PAYE investigations advice in Ilford
Should you find yourself facing a PAYE investigation (or any kind of HMRC check), JR Accounts is here to assist you through the process while ensuring full compliance. For all your PAYE-related questions and all things accountancy, please don’t hesitate to get in touch with our Ilford accountants at JR Accounts.
