What is a Tax Investigation?

Simply put, it's when HMRC make enquiries into your tax affairs. This can range from a phone call to a full blown investigation where they will go through the full books and records.

In recent years, we have seen an increase in the number of enquiries, both into individual tax returns and company returns. The tax authorities now have more powers than ever before to investigate UK businesses.

An enquiry or investigation into your tax affairs by HMRC can be disruptive, intrusive and expensive. It can also be a long and time-consuming process, in some cases lasting for a year or more, which in turn can lead to spiralling costs.

Why should I worry - I haven't done anything wrong?

Just because you haven't done anything wrong it doesn't mean that you can't be picked on.

There doesn’t need to be a reason for HMRC to trigger an investigation. Every taxpayer who submits a tax return is at risk. No-one is immune.

Win or lose, you always have to pay the cost of handling the investigation, which is over and above our normal fees and the costs involved could be substantial.

Disruptive, intrusive and expensive; when HMRC investigate you or your business it can drag on for a year or more, saddling you with spiralling costs and rocketing stress levels.

“We don’t think twice about office, car and liability insurances – but what about the risk of a tax investigation? The costs could be very high, which is why we’ve taken full advantage of the tax investigation services as a matter of course. It’s just what we do as a responsible business.”

Home | Contact us | Accessibility | Disclaimer | Help | Site map |

© 2019 Sheards Chartered Accountants. All rights reserved.

Sheards is the trading name of Sheards Accountancy Limited. Registered in England & Wales No 06837228.

Sheards Chartered Accountants, Vernon House, 40 New North Road, Huddersfield, West Yorkshire HD1 5LS
We use cookies on this website, you can find more information about cookies here.