Tax investigations - the facts

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HMRC are able to conduct a variety of different types of enquiries to assess your tax affairs - some of which require ALL of your business books and records. HMRC will then trawl through documentation to identify potential errors and unpaid tax. Whilst you may have done nothing wrong, HMRC will make the most of its legal powers to investigate your business, leaving you to pick up the fees for your defence. Costs for a tax enquiry can quickly add up just from handling the various correspondence and meetings with HMRC.

The information below shows the breakdown of a typical investigation:

Nature of activity Ave Time
Responding to HMRC’s initial information request = 4 hours
Telephone conversation with Inspector to discuss calculations within your accounts = 1 hour
Meeting with Inspector to review the case = 5 hours
Respond to written correspondence from Inspector = 1 hour
Second meeting with Inspector = 4 hours
Correspondence with Inspector to close the Enquiry = 4 hours

Total 19 hours

How would you pay for this representation? Tax Defence means that you don’t need to worry and you will be fully defended by a specialist Consultant for the entire case.

Abbey Tax is a trading division of Abbey Tax & Consultancy Services Limited (ATCS).
Registered in England and Wales No. 08246256. VAT number. 245 7363 49
Registered Office: 20 Fenchurch Street, London EC3M 3AZ.
Markel Corporation is the ultimate holding company for ATCS.