HMRC’s tax investigations into so-called small and medium-size enterprises yielded an extra £468m for the Exchequer in the last tax year; according to a report in Accountancy Age.
Despite the public perception that Her Majesty’s Revenue and Customs is increasingly turning its attention to large-scale tax avoidance by celebrities and “fat cats”, or to people with offshore bank accounts in tax havens such as Panama: the fact remains that tax enquiries into owner managed businesses remain very lucrative hunting ground for the tax inspectors. With penalties for deliberately understated profits ranging from a minimum of 35%, and up to an eye-watering 100%, of the undeclared tax – the spectre of a tax investigation remains a real worry for businessmen and self-employed traders.
How Could Lynam Tax Enquiry Experts Help Me?
We have decades of extensive practical experience in managing tax disclosures and tax fraud investigations. If you have irregularities in your tax affairs we can advise you on your best course of action. If appropriate, we will help you with any disclosure. If you are already under criminal investigation we can assist in the preparation of the defence case. We can help get the best possible outcome for you, your business and your family.
*For a free, private, no obligation consultation, call
Paul Lynam: 0845 643 9997
Andrew Nutbrown: 07718 778710