No one likes to get on the wrong side of the tax man. If HMRC has any cause to doubt your accounts and record keeping they are entitled to launch an enquiry or an investigation to scrutinise every aspect of your finances.
HMRC can launch an investigation into your personal accounts or your business accounts, but historically they will be most interested in areas where cash transactions frequently occur.
There are different levels of intervention, from a record check, a compliance check or a full forensic investigation.
Whichever, it is guaranteed to be a daunting experience, which is why the Sky Accounting team can work alongside you to help ease some of the stress.
Having accountants on hand to represent you and supply detailed information can be very helpful and reassuring. We will cooperate fully and respond to any queries from HMRC, helping ease the burden on you.
Clearly we will do everything possible to ensure that your accounts are fully compliant, but if you find your business subject to an HMRC investigation we can support you through the process.
Sky Accounting can:
- Advise you about the investigation process
- Help prepare all necessary documentation and evidence
- Ensure disclosure of all relevant material
- Represent you and argue your case
- Negotiate a final settlement and agreed tax liability
- Prepare for any tribunal appeals