Fee Protection Service
Tax investigations are stressful, intrusive and expensive. The requests for information and documents usually take many hours to compile ready for onward submission to HMRC and then there are all of the follow-up questions to respond to, potential meetings with Inspectors to attend and then settlement of the investigation to negotiate!
Due to this, and the fact that typical tax enquiries cost upwards of £5,000 to resolve, we are delighted to provide our existing clients with our Tax Investigations Service.
The service is designed to provide clients with protection against the representation costs of an enquiry. If selected for an investigation or enquiry, we will defend you in order to deliver the optimum result. In summary, if you subscribe to our Tax Investigations Service we will:
- Respond to HMRC on your behalf.
- Deal with all correspondence.
- Prepare and defend your case.
- Negotiate the best possible outcome for you.
Investigations can typically last for around 19 months and cost over £5,000 in professional fees.
HMRC – the facts
- HMRC has proudly announced in its most recent Annual Report that the number one objective for this year is to ‘maximise revenues due’ and to collect as much money as possible from investigation related activity.
- HMRC are raising more enquiries this year to increase tax revenue and plug the hole left in the Government’s finances by the economic damage caused by COVID-19. In the last year, HMRC raised an additional £30.8 billion from tax investigations along with an additional 4,100 compliance staff being deployed.
- Nearly half of HMRC’s entire workforce is engaged in pursuing the taxman’s compliance and enforcement agenda. HMRC may have fewer people answering the telephone, but it is increasing the number of officers pursuing money from investigations.
HMRC has become much better at collecting information and analysing it, which is helping it to deliver more money each year. All of the information used to be stored in 11 separate data warehouses, making it difficult to cross reference and study. However, it has now built an Enterprise Data Hub (EDH) to accommodate all of the information in one place. The EDH can handle all types of data, including picture files, audio files, communications records and email.
Business legal helpline
As an additional benefit, we have also arranged for subscribers to receive 24/7 access to a business legal helpline. The helpline covers employment law, health & safety and commercial matters and is available 365 days a year.