We have some good news and some bad news for you. Firstly, you are now more likely than ever to be investigated by HMRC. (Yep, that’s the bad news!) The good news is that you can protect yourself, your business and ultimately your livelihood from the potentially devastating effects of this scrutiny – and we can help.
In April 2009, HM Revenue & Customs (HMRC) was granted increased powers of investigation and a stricter penalty regime. This is expected to substantially increase the amount of extra tax and penalties collected. Finding out that you are to be the subject of a tax investigation can be extremely stressful, disruptive, confusing or even frightening. It can also end up costing you a LOT of money.
If this does happen to you, it should offer you some reassurance to know that you are not alone. The fact is that HMRC is targeting businesses with increasing frequency. However, whether you are guilty of any irregularities or not, why put yourself in a vulnerable position?
Instead of worrying about how much the investigation is going to end up costing you in fees, penalties and even your own time, you would be well advised to take action NOW.
This may not be something you feel you have to worry about. You may be a member of a trade group such as the FSB, which seems to offer a similar service as part of their membership. However, this is highly unlikely to provide as much of a safeguard as a specialised policy will.
SFB provides a comprehensive Tax Investigation Service that offers you peace of mind for an affordable sum. You could end up saving a substantial amount of money in exchange for a minimal outlay. For more information on how to protect yourself, contact us on 02476 384171.
