TAX INVESTIGATION

Did you know that the Random Selection team at HM Revenue & Customs investigates, on average, every business over a ten year period? The truth is, both HMRC and the Contributions Agency have the powers to investigate your business or personal life anytime they choose.

• Are you paying all the income, capital gains or corporation tax you should?
• Have you an overseas bank account you haven’t declared?
• Are you paying the correct National Insurance?
• Have you planned properly for Inheritance Tax?

If the answer is ‘no’, we can help before any investigations into your affairs begin.

If the VAT or Tax man thinks you have under declared your income, he does not have to prove this – you have to prove that you haven’t.  If there is any under declaration then HMRC will reopen earlier years.  On top of any tax/VAT to pay there will also be interest and penalties so you could end up with a substantial bill, not only to HMRC but also to your advisor.  It is not just a question of a monetary settlement, HMRC investigations can be time consuming and very stressful.

Remember, with a long background working for the Inland Revenue, we know exactly how the taxman works!

Click here to contact Cobham Day for No Nonsense Tax Advice.