An Income Tax Self Assessment Investigation is carried out in a similar way to a Corporation Tax Investigation.
However, the inspector dealing with the investigation will look into the tax affairs of the individual and it is the individual or the partnership that is subject to the investigation.
If a Full enquiry is being undertaken then it will normally include examinations of all business records.
However, HMRC may also ask to review private bank statements and records in order to complete their enquiries.
It is not always appropriate or necessary to provide these. If you are undergoing an Income Tax investigation you should contact KinsellaTax on 0800 471 4546 to take control of your investigation and deal with HMRC on your behalf.
It has been known that HMRC has investigated individuals who haven’t committed a tax fraud and KinsellaTax would very much like the opportunity to defend your position.
If you have found yourself to be the subject of a tax investigation or have been accused of tax evasion then call KinsellaTax now to act on your behalf. Call us now on 0800 471 4546
The 1st tip in dealing with any tax enquiry is to get expert advice first before thinking of contacting HRMC or going to see them. Click here to see our advice regarding HMRC interviews