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HMRC Investigations

HMRC Investigations

Tax investigations by HMRC are becoming more and more common these days. The right advice can make all the difference to the outcome of enquiries. Apex Accountants & Tax Advisors helped a client save £95k while under HMRC investigation in the UK. HMRC also withdrew their wrongly billed amount to the great relief of the client. Investigations are potentially very serious. HMRC highly recommends appropriately skilled independent professional advice. We can help throughout the United Kingdom.

Investigations can be carried out for several reasons. HMRC may suspect fraud or dishonesty involving large amounts of tax or use of bespoke tax avoidance. Appearance of VAT fraud and inland detection for fuel, alcohol and tobacco duty may also trigger an investigation.

HMRC could conduct a compliance check for the business.

In addition to VAT enquiries, Unexplained Wealth Order (UWO) investigations are becoming more common. UWO laws were introduced in 2017 amending the Proceeds of Crime Act (POCA). An UWO can be used where assets owned by a person or business appear to be inconsistent with their income level.

Whatever the investigation situation, we can manage the investigation as we know the process and parameters of negotiation. Preparing your disclosure report well and quickly agreeing final liabilities is in everyone’s best interest. Resolving matters satisfactorily with the minimum cost and stress is our goal.

HMRC fraud investigation service

HMRC Fraud Investigation Service (FIS) is responsible for the department’s civil and criminal investigations into the most serious fraud and wrongdoing. FIS ensures that HMRC has an effective approach to tackling the most serious tax evasion and fraud.

HMRC Tax Investigation Procedure

Investigation proceedings often commence when the HMRC Inspector has concerns regarding information that has been supplied to them, usually information that can lead to a potential loss.

However, HMRC will not usually notify the person or business that they are investigating during their initial research phase.  Written correspondence notifying the subject is often reserved for when a formal investigation is launched.  At this point, the Fraud Investigation Service (FIS), (an HMRC department) will inform the subject that they are being investigated.

Next Step:

Please contact us or call 0203 883 4777 if you need further advice, have any questions about our services in UK, or would like a free consultation or a fixed quote.