Tips for HMRC Tax Investigations

1. Tips for HMRC Tax Investigations An HMRC tax investigation has the possibility to be very costly and traumatic with regards to the charges and the time required to solve the issue. This type of investigations are likely to become very costly and troublesome and can last 12 months or even more which can cause serious problems with the day-to-day working of the business. The reason for a tax investigation can always differ, starting from a particular error in a completed return to a taxpayer being selected randomly. One of the most observed reasons for the HMRC tax investigations to start is when the concluded information about limited company accounts Essex differ greatly from other companies operating in the same market. Using circular figures on all information and not the actual figures, mysterious or uncommon variations in the announced quantities, low-quality documentation, payroll Essex, a tip-off from a renter or dissatisfied worker or a sudden development that are likely to consist of cash expenses, anything can trigger the investigation. Also, about three percent of investigations are started on a purely random basis. If you are in a place of being investigated by the tax authorities you will need to take the right action to be certain that it is settled as amicably as possible, and here are the things that you need to keep in mind for that. Read the full story at http://goo.gl/UUdcxC Contact Us JR Accounts 164-166 High Road, Ilford, Essex, IG1 1LL T: 020 8911 8899 M: 07977 048160 F: 020 8911 8917 office@jraccounts.co.uk http://www.jraccounts.co.uk/