Tax inspectors ramping up activity

21st October 2020 News CHW Accounting

Since the coronavirus crisis hit, it is fair to say that HMRC have adopted a ‘go-slow’ approach in so far as tax enquiries are concerned and enquiries which were started at around the start of the pandemic were put on hold – until now.

The enormous and ever-increasing government debt will somehow have to be repaid and HMRC will be under immense pressure to find errors, raise assessments and recoup as much money as possible.

We have been expecting tax inspectors to ramp up their activity and in the past weeks we have had several clients with whom HMRC have been in touch regarding either a new investigation or restarting an existing enquiry.

It does not matter whether you have done anything wrong – any business can be selected by HMRC for an investigation.

Our team can assist during a HMRC tax investigation, and furthermore, we offer Tax Investigation Service (TIS) to cover the costs of our professional fees in dealing with an investigation.

There is a small annual charge which covers our fees associated with an HMRC enquiry. The enquiry could relate to corporation tax, VAT or PAYE and CJRS claims are also included in your cover

TIS gives you the peace of mind that in the event of an HMRC tax investigation you are not only protected against the professional costs but may also avoid a significant tax bill.

To find out more get in touch at hello@chw-accounting.co.uk

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