Did you know that we offer a tax investigation service that would protect you against additional accountancy fees in the event of a HMRC tax investigation?
What is our Tax Investigation Service?
Our Tax Investigation Service covers you against the cost of additional accountancy fees that you could incur as a result of being investigated by HMRC.
Our scheme runs annually from 1 November each year and it does require renewal by you each year. Our scheme is operated on a client decide basis and you do need to opt in if you wish to take out cover. Our provider is Croner-i.
Tax investigations are time consuming, complex and can be stressful. It is possible that you will require specialist advice from us in the event of a tax enquiry. The more complex your case the greater the amount of time and resource we will need to dedicate to you in order to defend your position.
A HMRC enquiry can be expensive, even if you have done nothing wrong and your tax affairs are proven to be completely in order. Unfortunately, these additional accountancy fees can run into thousands of pounds, especially if HMRC keep raising additional questions and asking for additional explanations, papers or evidence. As your chosen advisers we want to protect you from this burden, that’s why each year we suggest that our clients take out our Tax Investigation Service. This service will safeguard you from the cost of the accountancy fees associated with an HMRC enquiry.
What happens during a tax investigation?
HMRC can investigate any taxpayer, both individuals and businesses are at risk. Tax Investigations can last for many months, even years. During this time you will find yourself likely to incur accountancy fees as well as having to deal with costly business disruption and probing questions from HMRC. Even if you’re found to owe nothing you will still be liable to pay your professional representation fees.
It’s vital during an investigation, however small it may be that you seek professional representation from the outset. Our tax investigation service will cover the cost of our fees as well as providing you with access to our experts in handling HMRC enquires and managing your claim.
Why do I need to get cover?
We have seen firsthand that tax investigations are on the increase an this is backed with the knowledge that HMRC has spent over £80m on a new super computer specifically to identify businesses and individuals who are identified as having potential tax discrepancies.
The sophisticated system trawls a wide variety of sources generating a digital footprint and building a profile of a taxpayer’s total income. HMRC scans Government and commercial data from the likes of financial institutions, Land Registry, DVLA and employers. It uses this information to identify businesses and individuals whose profiles indicate potential inconsistencies and then targets them for investigation.
- £35.5 billion – The estimated gap between what the HMRC should collect and what it does collect.
- £16.6 billion – 47% of the tax gap falling with small businesses and wealthy individuals.
- £80 million – spent by HMRC to develop a super computer that monitors your digital footprint for potential underpaid taxes
Your chances of being investigated are increasing year on year. We can protect you from the costs of any additional fees that arise should you be subject to investigation. With the service you will benefit from expert advice throughout the enquiry.
Get protected today
It only takes a couple of minutes to join the hundreds of other RPGCC clients that have already signed up for this service. You can simply click on the ‘Get Protected Now’ button and pay using your bank or credit card.
If you have any questions about this scheme, please email us at hello@rpgcc.co.uk and a member of our team will contact you.
