Tax Investigation Service

Garbutt + Elliott’s Tax Investigation Service (TIS) helps protect our clients against the professional costs involved in a HMRC tax investigation or enquiry.

Last year, HMRC collected £34.1 billion through tax investigations and enquiries and can target anyone who submits a tax return – they do not need a specific reason to start an enquiry or investigation into your tax affairs. HMRC’s highly efficient ‘Connect’ software is accessing and trawling through financial information right now and 83% of tax investigations are triggered by the ‘Connect’ system.

We fully expect HMRC to raise more enquiries to increase tax revenue to plug the hole left in the Government’s finances by the economic damage caused by Covid-19. Those who have claimed Covid-19 support such as the CJRS (furlough scheme), can expect HMRC to be looking a lot more closely at their tax returns, payments, and compliance history.  Tax and VAT repayments will also be checked more rigorously alongside the usual full tax investigations.

 

Some of the key benefits of TIS business cover include:

  • Free personal tax return cover for all directors/partners and their spouses, and company secretaries, where G+E are also engaged as personal tax agents.
  • PAYE and VAT compliance checks – up to £1,500 of our fees will be covered for any post-visit exchanges with HMRC, and all of our fees (capped at £100,000) for any resulting HMRC dispute. If your business is notified of a PAYE/VAT visit or check by HMRC, let us know immediately as we may be able to provide advice and support to you from the outset.
  • Cover for furlough claims made under the Coronavirus Job Retention Scheme or Self-Employed Income Support Scheme (unless part of a criminal or fraud enquiry)

 

The documents attached to this page provide more details about TIS, including what is covered, FAQs and pricing. Please note there are fee discounts for businesses in the same group.

There has never been a more appropriate time to subscribe to our Tax Investigation Service.  If you would like to subscribe to this service, please contact us.

For more information contact Richard Whitelock at hello@garbutt-elliott.co.uk 01904 464 100