There will be a reduction in the standard VAT rate from 20% to 5% from 15 July to 12 January 2021, for supplies of food and non-alcoholic drinks by restaurants, pubs, bars, cafés and similar premises. … Read more
By the conclusion of this two-part workshop, you will be equipped with the information required to successfully plan and prepare for your audit in alignment with the guidance issued by the ESFA in the Accounts Direction and Financial Handbook. … Read more
Academy Accounts Workshop: Part Two … Read more
130 Wood Street, London, EC2V 6DL
enquiries@buzzacott.co.uk T +44 (0)20 7556 1200
Compliance check investigations are varied and can either be an enquiry into an aspect of your tax return or a full-blown investigation of your businesses and financial affairs. At times, they can be intrusive and feel personal.
HMRC starts more than 90% of compliance check investigations because it holds intelligence suggesting something is wrong. They are rarely selected at random.
HMRC uses its powerful Schedule 36 powers to assist its compliance check investigation by requesting documents/information and inspecting your business premises, sometimes unannounced.
When considering appointing specialist representation, clients and advisers should ask themselves these questions:
We will initially carry out a comprehensive review of the status of your compliance check investigation, working with you and your professional adviser, to ensure we have a full understanding of the issues and risks you are facing. We will prepare a strategy going forward to minimise your potential exposure to unnecessary tax, interest and penalties. Should a disclosure be necessary we will present this to HMRC to ensure that you are treated fairly and proportionately. Our aim is to fast track your compliance check investigation to resolution and closure of all issues to your satisfaction at minimum cost and disruption to you.
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