A report last week stated that HMRC investigations had doubled in the last year, according to Calum Fuller, writing in Accountancy Age.
He stated that a Freedom of Information Act request revealed that: in total HM Revenue & Customs made enquiries into the tax affairs of 237,215 people in 2012/13, compared to about 119,000 in the previous year; with tax investigations into the self-employed quadrupling, and the number of criminal tax prosecutions rising sevenfold.
However, in a typical example of the civil service refusing to actually provide any useful information freely, HMRC confusingly and unhelpfully stated that: “Most of the increase in personal tax enquiries is due to changes in how we calculate the numbers of enquires carried out”.
What does this mean for me?
Whether or not there has been an increase in tax investigations, the fact is that a large number of individuals and businesses do face intrusive enquiries from the taxman each year. If you are currently undergoing a tax enquiry, or are worried that you may be targeted shortly, then you should consider obtaining specialist assistance.
How can Lynam Tax Enquiry Experts help me?
If you are undergoing a tax investigation or a compliance check then specialist help from Lynam Tax Enquiry Experts could save your blushes and your business. Plus, our massive experience will almost certainly save you tax and penalties as well.
*For a free, confidential chat about your tax affairs, don’t delay, call Paul Lynam now on 0845 643 9997
or Andrew Nutbrown on 07718 778710