Under current legislation, within certain time limits, HM Revenue & Customs have the power to enquire into the Tax Returns of Individuals, Partnerships and Companies. They can also enquire into Inheritance Tax Returns, Estate Tax Returns and Returns submitted as a result of property transactions such as the ATED Return.
HM Revenue & Customs also have the power to investigate under Codes of Practice 8 and 9 (COP8 and COP9) where they suspect serious tax fraud and or a deliberate attempt to evade tax and in such circumstances they have the power to go back as far as 20 years in order to reclaim Tax.
Adams Mitchell are experienced in handling such matters and support our clients through what can be a stressful and time consuming period.
We will seek to manage the enquiry in order to minimise disruption and if additional tax or penalties are involved, we use our experience and expertise to mitigate the amount of any eventual settlement.
Whilst Adams Mitchell have not been involved in promoting Tax Avoidance schemes, with the recent introduction of the Accelerated Payment Notice Legislation, we are increasingly assisting in cases where advantage has been taken of Tax Avoidance schemes. We review HM Revenue & Customs correspondence including checking the accuracy of the notice and then liaise with HMRC on the client’s behalf.
If you would like to know more about our HMRC Enquiries and Investigations service, or would like to arrange a free initial consultation to see how we can assist, please contact us.