Tax investigations


Are you aware that HM Revenue and Customs no longer need a reason for opening an enquiry into your business or personal affairs? This means that potentially everyone is at risk of a tax investigation.

Inspectors can initially go back through four years’ worth of accounts and tax returns and as your accountant, we may be required to get heavily involved.

At Mark Evans & Co. we can offer you Fee Protection Insurance which covers the cost of any work we have to carry out in relation to an investigation. This cover protects you against the costs of dealing with full and aspect enquiries for tax returns and accounts and also includes the areas of business record checks, VAT, PAYE, RTI and CIS compliance.

The costs associated with an investigation can be surprisingly expensive as the time and expertise required in dealing with HM Revenue & Customs can be extensive. We feel that this insurance will truly give you the peace of mind should you be investigated.

Not only that, the insurance policy can also appoint specialised and experienced consultants (paid for by the insurance) to assist through the investigation making sure it is resolved as quickly as possible.

How can I avoid an investigation by HMRC?

The best route for avoiding an investigation would be to employ a professionally qualified accountant first and foremost. At Mark Evans & Co. , we only use specialist software which will analyse the completed tax return to check for anything which may be flagged up by HMRC. It’s at this point we can then make notes about anything that may arouse suspicion.  The more information we provide the less likely an investigation.

HMRC do, however, carry out a number of random investigations which are, unfortunately, unavoidable.  So even if you believe that there are no unusual entries in your accounts or on your tax returns, an investigation could still happen to you.

If you would to hear further details of the policy, its costs and other benefits, please contact us.