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HMRC Enquiries
HMRC enquiries and tax investigations
For our customers, we are experienced in resolving HMRC inquiries and tax investigations. In order to guarantee that your situation will be handled with care and respect while yet adhering to all of its criteria, we can assist you in responding to any basic HMRC inquiry.
A process is in place for people and businesses that HMRC suspected of committing fraud. When you become involved in this inquiry process, it may be a very stressful moment. At this point, though, you must put your confidence in your legal counsel to protect any potential legal rights.
Tax officials can look into taxpayers in a number of different ways. One is the general inquiry, which often does not result in the imposition of penalties or charges unless there is evidence to suggest that a person has been defrauding the government by falsely reporting their income on returns for a number of years.
One of the finest in the business due to the expertise of our tax accountants. We can easily help you navigate any HMRC inquiry or tax probe. Therefore, it is crucial that you have a knowledgeable group of accountants on your side that have a lot of expertise with HMRC inquiries.
Your assets will be properly recorded, and our experts will guide you through the HMRC system. To ensure that there is no misunderstanding regarding what you should do next to stay clear of fines and costs, we will lead you through each meeting and explain what is occurring at each point.
A process is in place for people and businesses that HMRC suspected of committing fraud. When you become involved in this inquiry process, it may be a very stressful moment. At this point, though, you must put your confidence in your legal counsel to protect any potential legal rights.
Tax officials can look into taxpayers in a number of different ways. One is the general inquiry, which often does not result in the imposition of penalties or charges unless there is evidence to suggest that a person has been defrauding the government by falsely reporting their income on returns for a number of years.
One of the finest in the business due to the expertise of our tax accountants. We can easily help you navigate any HMRC inquiry or tax probe. Therefore, it is crucial that you have a knowledgeable group of accountants on your side that have a lot of expertise with HMRC inquiries.
Your assets will be properly recorded, and our experts will guide you through the HMRC system. To ensure that there is no misunderstanding regarding what you should do next to stay clear of fines and costs, we will lead you through each meeting and explain what is occurring at each point.
HMRC Enquiries Specialists
Tax investigations:
If HMRC is looking into your tax issues or even merely conducting an investigation into them, AAA Accountants will make sure you receive the best possible conclusion. We can assist with managing enquiries and making sure that all records and information are ready for an inquiry.
If you receive a letter informing you that HMRC will be investigating your tax affairs, you need to plan your response because a mistake might increase the potential penalty. The letter may provide hints as to the HMRC’s objectives, such as the need for information on your ownership of a bank or capital gains.
Our team has years of expertise in this field and will assist you in answering and managing your enquiry to ensure the optimal outcome.
Contractual disclosure facility (CDF):
Get competent help if you receive a letter from HMRC asking you to utilize the CDF because there is only one explanation: HMRC believes you have committed tax fraud.
You must take action right away or HMRC may launch an investigation and hold a criminal trial in an effort to bring charges against you. In accordance with the Code of Practice 9, HMRC prefers to resolve tax fraud suspicions through the CDF (COP9). The purposeful and unintentional actions that led to issues with your tax affairs must be completely disclosed by you.
However, the two outcomes to occur from COP9 notice is:
The consequences might be lessened if you completely comply. If a valid disclosure is made, HMRC will try to wrap up the inquiry right away.
If you don’t participate, HMRC will take over the inquiry, which might lead to a criminal probe, and will ask outside sources for information about your company and financial activities. Your suppliers, clients, and other business associates may suffer as a result of the inquiry because they will be singled out.
Dealing with HMRC may be difficult and unpleasant, and tax investigation and disclosure are delicate and complex. However, if you adhere to all CDF requirements and provide HMRC with all necessary information, you may be able to avoid being accused of tax fraud.
The competent and experienced tax professionals at AAA Accountants will guide you through the CDF process and ensure that you fulfil your duties to settle disputes with HMRC.
Help With HMRC Enquiries and Tax Investigation
HMRC campaigns:
HMRC plans “campaigns” to induce people in particular professions or sectors to disclose unreported or underreported income. You’ll have to figure out your taxes, earnings, and the interest and penalties owed as part of a campaign. Penalties may equal up to 20% of the amount of tax due. If HMRC discovers it on their own, a significant penalty of up to 100% of the unpaid tax may be imposed. In order to avoid paying a larger fee, it is therefore advisable to report funds made through the campaign.
In order to prevent your business from suffering as a result of the recent change in HMRC policy, AAA Accountants will offer the knowledge and guidance necessary to guarantee that any penalties issued are as little as possible.
Contentious HMRC enquiry:
Negotiations with HMRC are often straightforward. But there can be a contradiction between your perspective and HMRC’s. The problem, however, can be unique to your line of work or connected to the sharing of information. Such issues could lead to dissatisfaction, which is why our knowledge can be quite useful.
We have years of expertise dealing with complicated HMRC matters and providing our customers with a suitable resolution.
Sometimes HMRC is to blame; in the past, we’ve had success pursuing a claim against HMRC since having an investigation against you could have placed a financial burden on you, and the claim can assist remove some of that burden and pay you compensation for the stress caused.
We have a team of dedicated and knowledgeable tax professionals who will help you with any HMRC enquiry issue.
Voluntary disclosure:
When taxpayers learn that they didn’t pay the right amount of tax during the previous tax year, HM Revenue & Customs (HMRC) advises them to contact the taxing body.
“Voluntary disclosure” is the word used to describe this process. Typically, it enables taxpayers to settle their financial affairs and outstanding bills without facing significant penalties.
DDS (digital disclosure service) is a tool that allows both individuals and businesses to make voluntary disclosures. DDS is used to alert HMRC when the right amount of income tax, capital gains tax (CGT), national insurance contributions (NI), or corporation tax has not been declared.
In order to prevent your business from suffering as a result of the recent change in HMRC policy, AAA Accountants will offer the knowledge and guidance necessary to guarantee that any penalties issued are as little as possible.
Contentious HMRC enquiry:
Negotiations with HMRC are often straightforward. But there can be a contradiction between your perspective and HMRC’s. The problem, however, can be unique to your line of work or connected to the sharing of information. Such issues could lead to dissatisfaction, which is why our knowledge can be quite useful.
We have years of expertise dealing with complicated HMRC matters and providing our customers with a suitable resolution.
Sometimes HMRC is to blame; in the past, we’ve had success pursuing a claim against HMRC since having an investigation against you could have placed a financial burden on you, and the claim can assist remove some of that burden and pay you compensation for the stress caused.
We have a team of dedicated and knowledgeable tax professionals who will help you with any HMRC enquiry issue.
Voluntary disclosure:
When taxpayers learn that they didn’t pay the right amount of tax during the previous tax year, HM Revenue & Customs (HMRC) advises them to contact the taxing body.
“Voluntary disclosure” is the word used to describe this process. Typically, it enables taxpayers to settle their financial affairs and outstanding bills without facing significant penalties.
DDS (digital disclosure service) is a tool that allows both individuals and businesses to make voluntary disclosures. DDS is used to alert HMRC when the right amount of income tax, capital gains tax (CGT), national insurance contributions (NI), or corporation tax has not been declared.