One of the major departments of H M Revenue & Customs is known as The Compliance Unit. They ensure that taxpayers, individuals and corporate entities, account to the Government for the correct amount of their respective liabilities to taxation. Their real function is to seek out and assess taxpayers who have underpaid their liabilities.
Are you being investigated for TAX?
The reasons for underpayment are numerous from honest mistakes to intentional fraud. The officers in the specialist units are skilled in carrying out risk assessment of tax payers returns. The penalties that can be imposed are severe and in the more serious cases a prosecution could ensue. The cost of the enquiry can be significant not just in terms of tax, interest and penalties but in the time and effort required from the tax payer.
There is no need to feel exposed – come to Morgan Jones & Co. We will ensure you are assisted professionally. We offer Investigation Indemnity Insurance at a modest cost, which for a small business can be as low as £100 per annum for peace of mind.
Please contact our Shrewsbury or Newport accountants for help and advice.