Tax investigation service
Tax investigation service
There have been many significant changes within HM Revenue & Customs over the last 12 months and as a result we believe clients and the business community at large should be more concerned than ever about the threat of a tax investigation. Enquiries can be chosen at random and the professional costs associated with defending youself can be significant. In order to protect our clients we are now providing a new Tax Investigations Service.
HMRC are becoming more active in this field
With the Government looking to reduce the massive national debt it is likely that there will be even more pressure on Her Majesty’s Revenue & Customs (HMRC) to bring in additional monies to the Exchequer. In addition HMRC were granted new far-reaching powers in 2009 and, using Schedule 36 inspection powers, Tax Inspectors can now visit business premises, inspect documentation and conduct record keeping reviews – all without launching a formal tax enquiry. In the last few months alone there has been considerable media interest in HMRC’s large scale enquiry projects into various professions and we believe this type of targeted behaviour is likely to continue in the coming months.
Our solution
In response to these worrying new powers, we are pleased to launch the Blossom Stream Ltd Tax Investigations Service. The service is designed to reimburse the costs of your defence in the event that you are selected for enquiry.
We offer our tax investigation service to all our clients allowing them to insure against the high level of professional fees involved in mounting a defence.
Protecting yourself against the potential for an investigation is an important consideration for any business as tax enquiries can cost many thousands of pounds and take several years to settle. All taxpayers are at risk and in 2008/2009 HMRC collected an additional £12billion through compliance activities.
Should you wish to discuss our tax investigation service in more detail please feel free to get in touch.
