|
What we believe
The Inland Revenue
is becoming more aggressive in how they deal with investigations.
Targets have been set to collect more tax in over 75% of cases regardless
of how innocent the taxpayer may be. The Inland Revenue does not
have to give a reason for investigating and even selects some cases
completely at random.
Under close scrutiny are trades, professions
and limited companies, all of which continue to be targeted under
self-assessment. In their latest report, the Inland Revenue announced
that in the next two years, their investigations would exceed 200,000
businesses and 80,000 individuals.
The question is no longer IF
you will be investigated...but WHEN?
For those being investigated,
a tax enquiry can be an extremely long, drawn-out and stressful
experience and can have a huge financial impact.
Accountancy and legal fees can run into £'000s
causing substantial losses for individuals and businesses. Consequently,
they tend to be be forced to accept an unfair settlement rather
than pay for the professional advice they need to fight their case.
|