Tax investigation

HMRC can choose to investigate any business at any time in order to verify the accuracy of accounts and returns submitted and will want to verify such things as business documents and assets with the power to go back over the last 6 years. Such investigations can be very intrusive and time-consuming for businesses as well as very stressful for the individuals involved.

Who would normally be at risk of a tax investigation?

Although there is a degree of random selection, with investigations ranging from individuals up to the largest companies, HMRC will also look for unusual fluctuations and random spending which might then prompt an inquiry. Therefore it is imperative for businesses to ensure all accounts systems are compliant and up to date as much as possible.

How can Downham Associates help?

Although no one can predict when HMRC will raise an investigation, Downham Associates can ensure that your business is protected as much as possible by offering expert advice and representing you to HMRC to understand their concerns, agree the work necessary and help you to put together the information required. We will then liaise with HMRC on your behalf, thereby ensuring a structured response until a satisfactory conclusion is reached for both parties.