HMRC’s compliance target for 2015/16 is £26.3bn. In 2013/14, £845m was collected from self-assessment investigations and £136m from Capital Gains Tax investigations. These figures are set to rise as HMRC strive to reach compliance targets through increased investigations coming from both full and aspect enquiries.
On average Full HMRC investigations last 16 months and cost a potential £5,000 in accountancy fees. Having tax investigation insurance and advice when you need them, is essential.
Our providers can provide tax investigation help and advice, together with insurance protection against the costs of an HMRC investigation. Included in this is comprehensive and free tax advice and tax investigation insurance – protecting you, if you’re selected for an HMRC investigation.
The Tax Advice Line is available during normal business hours Monday-Friday.