Tax Investigations

Tax Investigations

HMRC are carrying out more tax enquiries into taxpayers’ affairs that ever before.

These investigations with HMRC can be extremely stressful, time consuming and a very worrying experience. A major enquiry can take a long time to resolve and seriously disrupt a business and potentially be very intrusive.

Whilst most tax investigations begin because HMRC have reasons to believe that some aspect of a tax return for an individual or a business is incorrect. HMRC do also select at random a proportion of tax returns for review every year.

In some cases where minor amounts of income have been undeclared or where there are some small errors on a return, this can normally be resolved relatively easily with a few telephone calls and some exchange of letters.

However, where tax evasion (the deliberate failure to pay taxes) has been carried out, or yet more serious action of tax fraud (wilfully attempting to evade payment of taxes) has occurred, HMRC make extensive enquiries including requesting information from banks, accountants and other third parties to aid their investigation.

It is imperative that you obtain professional advice in this connection as soon as possible. 3 Sixty Accountants have extensive experience in this field and are able to provide expert help and support to ensure the minimum impact on you and your business.

We specialise in resolving any tax investigation in the most efficient, cost effective and timely manner taking the stress away from our clients. Whilst additional taxes and penalties can be very costly, we do offer our existing clients an insurance policy to potentially cover the cost of accountancy fees in dealing with tax investigations.

Our clients are in good hands and we try our utmost to provide them with something which we feel is vital for them and their business to grow – Peace of mind.