Are you under an investigation by HM Revenue & Customs?
You need expert advice from KinsellaTax.
Call us now on 0800 471 4546
for confidential expert tax advice
or complete this short form and one of our experienced advisers will contact you shortly.
KinsellaTax provide expert tax investigation advice to individuals, companies and corporations facing a tax investigation, and professionals, such as lawyers or accountants, acting on behalf of clients. We understand the shock and concern associated with receiving a letter from HMRC, telling you that your affairs are under investigation - we are here to help you.
Our team is experienced in handling all types of enquiries and offer expert, honest advice and support on all areas of the investigation. We recognise the need to deal with problems quickly and effectively rather than allow the enquiry to be led by Customs' inspectors. The most important thing to consider when going through any investigation is to get professional representation – experience in this area of the law and tax enquiry procedures is essential.
The in-depth and expert knowledge of our experienced team allows us to undertake the most complex cases involving all types of investigations. Thee include tax fraud, tax evasion, tax avoidance and VAT investigation. Our team of expert investigators keep up to date with legislation and experience the current tactics adopted by The Revenue on a daily basis.
If you are under investigation, contact KinsellaTax for a free initial consultation and advice.
Read other ways in which HMRC can catch you out.
KinsellaTax's advisers have vast experience in managing serious investigations. You are in safe hands. We have seen it all before. You won't be the first person under a Revenue & Customs tax investigation and you certainly will not be the last.
The most important thing to remember when facing an HMRC investigation is to get professional representation. In fact, HMRC actively encourages you to get help. We act as the bridge between you and the tax office which means you o not have to face them on your own. Everything you tell us is 100% confidential – we will not discuss your tax affairs with anyone but you and the tax office when the time is right!
HMRC investigations are not limited to just income tax. This is a common fallacy. They can also cover:
HMRC concerns believe that it has uncovered a serious error in the tax return. All records will be reviewed – including all personal financial documents and bank accounts of teh business owner or individual.
This is when HMRC is only interested in a particular part of your business. This will usually be because of an honest mistake as opposed to a serious attempt at evading tax! This does not mean that the investigation is not serious!
As the name suggests this is purely a random enquiry, an attempt for HMRC to shake the tree and see what falls out! They simply select random businesses or industries to go after.
Bear in mind that HM Revenue & Customs has many years of know-how at being “the Tax Man”.
We have outlined below the course an enquiry will take:
If you are under a personal tax investigation, they will send you a letter and will ask you to supply them with a range of business records.
DO NOT submit anything before consulting with, or appointing a tax specialist.
We advise that you DO NOT even contact them until you have had professional advice and ensure your interests are protected.
Use the old Yorkshire idiom; “When in doubt, say nowt.”
In the majority of cases, HM Revenue & Customs will request either a formal or informal meeting & interview conducted by HMRC meetings, with you.
There is no legal obligation to meet with an inspector, (apart from in criminal and COP9 enquiries) and we recommend that no-one meet with them during this time.
They will not tell you that there is no legal obligation to attend a meeting to discuss your tax affairs and will try to persuade you to meet with them – this can do you more harm than good!
At KinsellaTax, we will not allow The Revenue’s inspectors to interview any of our clients. Under no circumstances would any client meet with an inspector without a Senior Partner of KinsellaTax being present to look after our clients’ interests.
How far back? Well, HMRC time limits vary considerably. The normal time period the revenue can go back is 5 years, 10 months after the end of the tax year. However, if they suspect fraudulent activity or negligence then this time limit can be extended to twenty years!
We will negotiate on your behalf so that you no longer have any direct contact with them.
This will enable you to carry on living your life without the added stress of waiting for the next dreaded letter from “the Tax Man” to come through your door.
Throughout this time, the inspector is likely to ask for additional records and information. We will receive and deal with these requests on your behalf. If they can legally ask for them, then we will then request these from you.
We will negotiate with HMRC to calculate the underpaid tax due and fair penalties.
If you do owe additional or outstanding tax you will be liable for a penalty but it is our job to get it as low as possible, and a fair one at that.
The penalty can be as much as 100% of the tax due and payable, and in some cases, it can be 200%.
If you do not owe a penny, then we will make sure that we prove that!
It is always important to appoint a professional consultant to deal with your case and KinsellaTax are experts in this area and are used to negotiating with the Revenue.
IT IS THEIR JOB!
If you do not have professional tax law representation, you may end up with larger assessments and a considerably much higher bill to pay.
It all depends on what they discover during teh investigation.
The most common outcomes of a tax investigation are:
The individual or business will receive a tax rebate.
The individual will be asked to pay any underpaid tax within 30 days. Interest may be added a well as a formal penalty.
If during the HMRC tax investigation they conclude there was a deliberate attempt to underpay tax, then the case may be escalated to full criminal status. If this happens then the penalties for tax evasion can be serious. The size will depend on the reasons why there was an underpayment if there was been an overclaim, if you HMRC were informed about mistakes, how soon the mistake was admitted, and whether there was sufficient cooperation during the investigation.
Once all liabilities and penalties have been negotiated and agreed by KinsellaTax, there is only one final hurdle left to jump.
This is simply to pay your tax bill.
Pay this and then enjoy life without having a stressful investigation into your tax affairs hanging over your head.
We do not usually agree on a settlement without tax, penalty and interest being agreed between you and HMRC.
In the extremely unusual case of not being able to agree with HM Revenue & Customs, there is always the appeal to the First-Tier Tax Tribunal.
If you would like even more information on the matter you can take a look at the HMRC website.
Our team consists of experienced ex-HMRC Inspectors.
If you have received an HMRC investigation letter then why waste any more time?
Contact KinsellaTax, do not – we repeat DO NOT – contact them directly! Anything you say to them will be recorded and may be used in evidence against you at a later date.
Call us now on 0800 471 4546 to speak to one of our tax law experts – we have offices in London and Cheshire.