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News – 10.04.24
Form PF: Are you up to speed with the latest developments?
Through this insight we will bring to your attention the main changes in a bitesize manner so that you can stay abreast of the requirements as they may apply to your firm. … Read more
Insight
Why you need to submit your pre-R&D claim notification form now
Failing to submit a pre-notification form could jeopardise your R&D claim. Learn more about this new requirement. … Read more
Upcoming event – 29.04.24
Governance code updates and advice for Further Education colleges from Buzzacott and the ESFA
Join Buzzacott and the ESFA for a governance update for further education colleges … Read more
Find us quickly
130 Wood Street, London, EC2V 6DL
enquiries@buzzacott.co.uk T +44 (0)20 7556 1200
Having worked in tax investigations for over 25 years serving as a Senior Tax Inspector for HMRC to now leading Buzzacott’s award-winning Tax Investigations and Dispute Resolution team, taking the following steps is, from my experience, imperative to overcoming any HMRC tax investigation.
Whether you have received a letter from HMRC or recently become aware of any irregularities in your tax affairs, there is no doubt that it can be alarming and disruptive. However, it is important that you remain calm and weigh up your options thoroughly. If you panic you could end up in a worse position facing unnecessary tax, interest and penalties.
HMRC welcomes specialists being appointed because it speeds up the process, allowing your case to be fast tracked to a conclusion. Specialist advisers, such as ourselves, that have been provided with full details of your affairs can guide you around potential pitfalls to ensure you are best protected. They will also allow you to get ahead of any accusations by HMRC, and should reduce the overall cost of any investigation.
Where appropriate, you could take advantage of a disclosure campaign. Using a disclosure facility can, in some cases, ensure that you:
It is vitally important to use the correct disclosure campaign and as such, specialist advice is strongly recommended.
Call us today on +44 (0)20 7710 3389 or fill in the form below and a member of our team will be in touch. All communications are in the strictest confidence.
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