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We are experts in dealing with tax investigations we can assist with the process from start to finish.
Every year HM Revenue and Customs (HMRC) open enquires into a vast range of HMRC Tax Investigations and have almost unrestricted ability to do so.
Some enquiries amount to nothing, and result in HMRC confirming the taxpayers return is correct. Sometimes however the tax enquiries can lead to a long and lengthy enquiry ending with the tax payer owing more tax, late payment interest and penalties.
Edge Tax can help you mange any types of HMRC tax investigation.
We act on your behalf to make the process easier.
Our aim, whatever the investigation is for is to arm you with support and to use our expertise to deal with HMRC.
Our team of tax experts deal with HMRC on all aspects of enquiries from technical matters, negotiating payment plans to asking for more time to look into the enquiry. We are your gate-keeper to keep the pressure off you.
Whilst based in the City of Bristol, our clients reside all over the UK. We have clients in Sunderland, Preston, Warrington, Bolton, Manchester, Nottingham, Birmingham, London, Cardiff, Bristol, Bath, Southampton and Yeovil to name a few places. We are happy to meet our clients in person and we will also hold regular virtual meetings
We can assist where you need to put things right, whether HMRC have been in contact, or not.
The fraud investigation service (FIS) was established in 2015 as an amalgamation of the Criminal Investigation Unit and Special Investigations Unit
HMRC have the ability to open enquiries into a broad range of tax matters (income tax self-assessment, corporation tax, VAT, PAYE).
Receiving a nudge letter does not necessarily mean a previously submitted tax return is incorrect.
The fraud investigation service (FIS) was established in 2015 as an amalgamation of the Criminal Investigation Unit and Special Investigations Unit.
HMRC investigations under COP9 (or the Contractual Disclosure Facility) are serious, invasive and time- consuming. They are also, generally not started unless HMRC have a reasonable suspicion that there has been a fraud which has led to an underpayment of taxes.
For there to have been fraud, there must have been deliberate behaviour. This means that HMRC can look into the past twenty years of your tax affairs and those of connected entities.
We have vast successful experience dealing with investigations under COP9 and are well placed to assist with the review of information, technical analysis and negotiation with HMRC. We deal with HMRC throughout the process to bring their enquiries to an end as quickly as possible causing a little disruption to you.
HMRC have the ability to open enquiries into a broad range of tax matters (income tax self-assessment, corporation tax, VAT, PAYE). Occasionally these enquires can lead to HMRC confirming that the taxpayers return is correct.
However, they can lead HMRC to ask further questions into connected tax matters and lead to a detailed and lengthy enquiry, resulting in more tax to pay, interest and penalties.
Instructing an experienced professional at the outset of an enquiry can minimise the risk to you by potentially limiting the aspects enquired into and the number of years in question.
There may be an innocent explanation or indeed in cases we have seen, there had already been full and complete disclosure.
The purpose of the nudge letter is to prompt the taxpayer into reviewing their tax returns and finances and checking whether further income, gains or profits have been correctly notified to HMRC.
HMRC use nudge letters to try and close the UK tax gap between what has been paid and what they believe should have been paid by individuals and businesses (based on land registry, automatic exchange of (offshore) information, business listings, social media, bank balances, and other business operating in similar trades).
Any individual who needs to make a disclosure of undeclared income or gains in respect of their personal or business affairs should consider making a disclosure as soon as possible (this shows cooperation and thus can reduce penalties).
Realised you have made a mistake on your tax return or forgotten to tell HMRC about some income, profits or gain? Telling HMRC before an enquiry is opened usually means the situation is resolved with lower penalties and at less cost to you.
From HMRCs perspective disclosures are attractive, they shift the workload towards the taxpayer (or their agent), leaving them to simply check the details provided. From the taxpayer’s perspective, disclosures are preferable to waiting until HMRC opens and enquiry or investigation. It gives the taxpayer the opportunity to mitigate the penalties that would be imposed.
Simply fill in the form below and a member of our expert team will be in touch to discuss your Tax Investigations needs and how Edge Tax can help.
