Did you know?
Many tax enquiries are carried out at random – every taxpayer who submits a tax return is at risk of being targeted, so you could find yourself being questioned, even if you’ve done nothing wrong!
HMRC’s Fraud Investigations Service (FIS), an elite group of tax evasion and tax fraud investigators, are showing an increased capacity to track and trace every single asset. They’ll do everything in their power to crack down on tax incompliance.
“IT WON’T HAPPEN TO ME”
Some of our clients had that optimistic mindset too. That was before they became potential HMRC targets. Without professional support from Fortus, they’d have found it much more difficult to challenge and respond to direct questioning.
So, what type of investigations might you face?
Capital Gains Tax (CGT)
We’ve dealt with numerous queries from HMRC’s specialist CGT staff into personal residence reliefs and 60-day CGT disclosures.
Mortgage interest deductions
HMRC are increasingly questioning whether a property’s considered a residential or commercial property.
Full tax enquiry
This is an extremely thorough investigation, looking at both company and personal accounts. Even if you’ve done nothing ‘wrong’, they can be conducted at random.
Residence enquiries
These relate to which country an individual has spent time in and where taxes have – or haven’t – been paid.
We’ve got your back!
Being the subject of a tax investigation can be a hugely worrying experience, not to mention costly. In this situation, we’ll defend you, lead the engagement with HMRC and offer professional advice on your accounts.
Fundamentally, we’ll make sure you’re covered with our Tax Investigation Service.
| What you’re covered for and what you’ll receive… | |||
|---|---|---|---|
| Without protection cover, you could be paying out upwards of £5,000. | Our Professional Fee Protection covers costs up to £100,000. | If you, like thousands of other businesses, used the Job Retention Scheme (JRS) or the Self Employed Income Support Scheme (SEISS) and are randomly investigated, you’re also covered. | 24/7, 365 days a year access to a free helpline from one of the UK’s largest law firms. |
ACT NOW TO PROTECT YOURSELF & YOUR BUSINESS
Our insurance policy, backed by Vantage Tax Fee Protection, one of the UK’s leading providers, gives you expert advice and peace of mind knowing we’ll act for you to resolve the situation, without having to worry about our fees.
Need more info? Talk to us 01904 558 300
*Tax Investigation Service cost varies depending on coverage for personal and/or business protection.