All businesses should expect regular visits from the specialist units of HM Revenue & Customs to check on their compliance with employment tax rules. These visits can lead to significant demands of tax, National Insurance, interest and penalties stretching back several years. In some cases they are often the catalyst to more serious HMRC investigations.
The current hot topics are:
- Maintenance of business records
- Status of employees or self-employed workers and sub-contractors
- Entertaining expenses
- Termination payments and pay in lieu of notice
- Travel and subsistence payments
- Expatriate employees and offshore workers and business partners
- Tax and NIC avoidance schemes
How Rabjohns can help
Provide regular updates on the latest HMRC interpretations of the rules and the hot issues giving cause for concern
Work together with you on assisting in completing the pre visit audit questionnaire and focus on the key risk areas
Provide guidance in the making of disclosures where there have been failures to comply with the rules or a misinterpretation of the complex regulations
Our team of ex senior Inland Revenue Inspectors and support staff can provide the specialist expertise required in the management of audits and investigations and in the settlement negotiation process.
How we do it
Employment tax seminars and updates throughout the year
In collaboration with other firms of accountants and advisers bringing our practical experience to bear and using key skills
As specialists and experts on stand alone projects, utilising our skills to find solutions and in achieving successful negotiations with all HMRC departments including business account enquiries and VAT.
Tax Investigation Insurance
Keeping your fingers crossed isn't enough. Every taxpayer is at risk of a random enquiry or investigation by HM Revenue and Customs. With Tax Investigations regularly taking up to 2 years or more to resolve, this often results in thousand of pounds of additional accountancy fees.
We can arrange insurance cover that will protect you from:
-
Income Tax Self Assessment Full Enquiries
-
Corporation Tax Self Assessment Full Enquiries
-
IR35 Enquiries
-
Employer Compliance Disputes
-
HMRC VAT Disputes
Additionally, if you sign up for cover you will also receive a free 24 hour, 365 days a year Business Legal Helpline providing advice on Employment and Personnel, Health and Safety, Contractual Law.
If you require any further information then please contact Doug Robshaw on dr@rabjohns.co.uk or 01905 732100 who would be delighted to help.
