E-mail :- [email protected]       Phone :- 01865 842 266

Book A Time

1 Day Left .... We are trying to save you money and potential risks.

Jun 08, 2022

 

You cannot run a business without taking risks.   
But you can avoid unnecessary risks.

 


 

Have you got your HMRC Fee Protection ??

If you have made your payment - you are covered.
If you keep thinking - "Oh, I must do that..." 
Do It Now - Save yourself the pre 1st June Discount.

Choose the button below and get it done and off the list
 

 

102,000 Reasons why you need protection from HMRC Enquiry?


HMRC opened 102,000 compliance investigations in 1st Quarter - Up 36% from previous quarter

"HMRC enquiries increase to help cover the cost of lockdown"
"HMRC need to catch up following 2020.."
S Strawther - Shorts

"HMRC have an attitude that all mistakes are deliberate so Penalties are higher....." 
"HMRC are under pressure to deliver more criminal investigations..."

D Arnold - Moorestephens
 
 
 
 
 
 
 
 

 
The Old Way
Review tax returns
Gross profit rates
Collation of third party data
Foreign tax authority requests
Local knowledge
Field visits
Trade/Sector Analysis
Internet research
Investigated in silos ie VAT/CGT/PAYE
Slow 
Less Enquiries 
 

 
 

Tax investigations in the digital age

The HMRC Connect system is called the Snooper Computer.....
 
The New Way
Snooper -  working:
24 hours a day,
7 days a week,
365 days a year

"Significant increase in hit rates and yield.."
 
 
Detailed Data From:
Data-led risk and intelligence
Desk-based investigators
Multiple Type Tax Enquiry
Social Media Analysis
Online Digital Disclosure Service
Making Tax Digital
Personal Tax Accounts
Tax in Real Time
HMRC "Super" offices
 
Merchant data
Land registry
DVLA
UK and Overseas bank accounts
Council Tax
Previous investigations
Peer to Peer Lenders
Online Marketplaces (fb etc)
Social Media
Web browsing and email records
 



 

Some HMRC Facts

HMRC’s attention has turned back to compliance work.
HMRC need to catch up following 2020 and are once again targeting all aspects of taxation.

£100 million invested in taskforce
1,265 HMCR staff working on "..fraudulent claims made in respect of Covid-19 support packages."

HMRC opened 102,000 compliance investigations in 1st Quarter - Up 36% from previous quarter

Enquiries that target taxpayers who utilised the measures put in place to support the economy through the pandemic:
1. The Job Retention Scheme (Furlough)
2. Self Employment Income Support scheme
+ the normal types of enquiry-
3.  VAT - Including the threshold changes periods
4. Self Assessment - Income Fluctuations  (Connect Software triggers enquiry based on "Irregularities or errors")
5 CIS and Capital Gains

83% of tax investigations are triggered by the "Connect" system.

 


 

 
 
 
 
  
 
 
 
Choose your Cover, click through and complete mandate for a one off payment.
(We are sending snail mail out as well if you prefer..)
 
 

 
HMRC Enquires are normally a long, slow, expensive exercise that has no end in sight until the inspector decides it is finished.

Some clients remarks about enquiries:
 
"I don't ever want to go through this again." RN
"...thank goodness I had the cover." ST
"Thank you for all your help and the cover, I could not have done it without Brookwood." FG 
 
 

Professional fee protection covers:

-Corporation tax for companies
- Personal tax (Aspect enquiry)
-Sole trader and partnership business enquiries
-Personal tax enquires
-VAT / PAYE / CIS / Min Wage
-IR35 Disputes
-Directors and Partners Cover
 
Take the worry out of a tax inspection with our HMRC Fee Protection

If you are subject to an HMRC enquiry you can incur significant fees even if the conclusion is no additional tax is required.

Fee protection is designed to cover the costs of representation, giving you complete peace of mind that you will be represented and protected without incurring substantial fee costs.

The service is backed by PFP Professional Fee Protection, 30 years of supporting business owners with taxation and legal support.
 
 
 
 
 
 
  
 
 
 
Choose your Cover, click through and complete mandate for a one off payment.
(We are sending snail mail out as well if you prefer..)
 

We are here to support you.  If anything in this Blog is relevant and you need help or advice, get in touch below.

Phone us: 01865 842266

Email us: [email protected]

Get In Touch

Read More Blog