Finance and Accountancy Briefing
Tax Investigation Service - Price Bailey
Our Tax Investigations Service is designed to reimburse the costs of our professional fees in the event clients are investigated by HM Revenue & Customs (HMRC).
Tax enquiries are harrowing experiences which can be costly and time consuming but the right defence helps to ensure that you can fight the Revenue on an equal footing. Too many taxpayers are forced to accept unreasonable demands from the Revenue as the costs of proper representation are too high.
In addition to this, over the last few years HMRC have increased their investigatory powers when conducting tax enquiries. Tax Inspectors can now conduct activities without launching a formal tax enquiry including:
• Visits to business premises
• Conducting record keeping reviews
• Request the production of documentation
HMRC has announced that it intends to conduct 50,000 Business Records Checks each year into SMEs until 2015 so it is more important than ever that businesses are protected from these risks.
As a result, we are now increasingly concerned at the costs these enquiries can incur. Enquiries can be chosen at random and typically a thorough defence can cost several thousands of pounds. We believe our Tax Investigations Service represents excellent value for money and we strongly recommend that all clients subscribe.
More from Price Bailey