Corporation Tax Enquiries

A tax enquiry can be stressful and costly.  Running a business is hard enough without having to deal with the taxman too.  Companies can face many types of tax inspections:  a Corporate Tax Enquiry, PAYE audit, VAT inspection, NIC inspection. 

Lynam Tax partners have over 35 years’ experience in dealing with HMRC enquiries into limited companies.

Corporation Tax enquiries will usually be carried out by HM Revenue & Customs’ Local Compliance Offices.  The tax inspector will issue an Enquiry Notice and HMRC Code of Practice 14 (Enquiries into Tax Returns by local tax offices).  If your company gets a Notice of Enquiry and a COP 14 you may need specialist help.

Only 3% of Corporation Tax enquiries are "random".  The rest are selected for a full enquiry because the tax inspector suspects that tax has been understated (i.e. tax evasion).  A small number of Corporation Tax Enquiries are opened under the HMRC Code of Practice 9 (cases of suspected serious fraud) by either the Civil Investigation of Fraud units or the elite Specialist Investigations teams.  If your company receives a COP 9 then you should seek expert help immediately.

Corporation Tax enquiries frequently spin out to include intrusive and in-depth tax investigations into the business and private affairs of the directors.  The taxman will be looking for additional Corporation Tax, PAYE, NIC, VAT, S419 tax (on overdrawn director’s loan accounts) and tax from the directors plus interest and penalties.

Lynam Tax partners have the training, knowledge, skills and deep experience to manage your Corporation Tax Enquiry, to reduce the stress and get the optimum solution for you and the business.  We will work closely with you and, usually, your accountant.

To find out how we can help you and for a free, discreet, no obligation discussion call Paul Lynam today on:  0845 643 9997.