As the furlough scheme comes to an end, HM Revenue & Customs (HMRC) is carrying out a rising number of tax investigations, aiming to tackle tax evasions in full force.
After temporarily pausing tax investigations as COVID-19 business support measures rolled out earlier this year, HMRC has restarted probes into businesses and individuals’ tax affairs. The Revenue has also started to direct its attention towards the misuse of coronavirus support schemes, such as the furlough scheme and the self-employed income support scheme. As of 29 […]
HMRC has launched hundreds of investigations against the Owners of Rental Property in the last few years. The Government is faced with record levels of deficit. As it works to fill a public finance black hole, it has allocated significant resource to HMRC to yield increased tax revenue by carrying out compliance checks. We have […]
Enquiries often involve a detailed examination of a specific item on a tax return whilst others may extend to a full review of an individual’s personal affairs. Since 2008, billions of pounds worth of extra tax has been clawed back and the reach of ‘Connect’ is ever growing. We have experienced a number of enquiries […]
HMRC has the power to inspect business documents and assets at your premises, can ask for documents and information, make unannounced inspections and go back up to 20 years to investigate matters. In recent years HMRC have launched various checks on specific industries. It is not uncommon for a business to receive a letter from […]
Unannounced HMRC visits ‘out of hours’ helpline is now included as part of our tax investigation service. Make sure you are subscribed today. HMRC have the power to make unannounced visits to any business. Sometimes these visits can be late at night. Clients who subscribe to our Tax Investigation Service will now be provided with […]
16% jump in compliance take from investigations into payroll and expenses HMRC continues to be inventive in its hunt for extra tax revenue – always searching for new areas to investigate. One recent trend we’ve spotted is an increasing crack down on payroll and expenses. Crackdown on Payroll and Expenses Its investigations in this area […]
HMRC has collected a total of £3 billion from enquiries generated by its multi-million pound database system, Connect, since 2008, according to a recent report.
When HMRC make enquiries into your tax affairs. The tax man has the power to inspect business documents and assets at your premises, ask for documents and information, make unannounced inspections and go back up to six years to investigate matters. Disruptive, intrusive and expensive – when HMRC investigates it can drag on for a […]