Tax Investigations

Tax investigations are now more targeted than ever.  HMRC uses its data sources to identify taxpayers who may have issues with their tax affairs or mistakes or omissions from their returns. This data can be drawn from a variety of places including, employers, investment houses, banks, and the land registry amongst others.

Dealing with HMRC in the right way from the very start is key to protecting your rights and safeguarding your business.  By co-operating with and assisting HMRC, within the limits of what is reasonably required, you’ll be able to steer clear of penalties.

Here at CP Tax, we can help you do just that.

CP Tax has dealt with many tax enquiries. In the last year, we have dealt with issues relating to:

• Property tax and Capital Gains Tax issues
• Under declared business profits
• Voluntarily alerting HMRC to tax irregularities
• Residency and domicile issues
• Share schemes
• Valuations of assets
• Business Asset Disposal Relief which was previously known as Entrepreneur’s relief
• Challenges to deductible expenses

Our wide experience in dealing with such issues means that we understand the process and expectations. We also know what HMRC expects and, if there are issues with your tax affairs, how to manage the process to minimise penalties.

Taking the right first step is a key part of minimising your potential penalties. Contact us for a confidential discussion about how we can help.

View our Tax Fee Protection Scheme Service Flyer.