HMRC compliance activity greatly increasing

We have seen a huge increase in enquiries issued by HMRC since the turn of the New Year.

Enquiries by HMRC can be stressful, intrusive and long running. In addition, enquiry settlements can be costly and present financial challenges.

We strongly recommend seeking professional advice upon receipt of an enquiry notice. The right professional advisor can guide you through the process and ensure HMRC are acting within their legal boundaries. In addition, an experienced professional advisor will mitigate and suspend penalties where possible.

If you, your company, trust or charity receives an enquiry notice, then please contact Danielle Ford, head of Tax Disputes or Riocard Hoye, Senior Manager for a confidential initial discussion. Our team has a proven track record in successfully representing our clients in disputes with HMRC, resulting in the best possible outcome for them.

For more on HMRC’s recent enquiries and our analysis, read on below:

• Conservative Party Chair HMRC tax settlement: analysis
• Case study: Coronavirus Job Retention Scheme (CJRS) investigation
• Code of Practice (COP) 9 COP9 enquiries
• Nudge letters: Offshore corporates with UK property
• Nudge letters: Euro Pacific Bank
• Nudge letters: Cryptocurrency and assets