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Related News

Employees gifts - tax free?

At this time of year some employers may wish to make small gifts to their employees.A tax exemption is available which should give employers...

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1 Dec 2017
 

Simple Assessment

HMRC have changed the way in which they will assess some taxpayers removing the need for these individuals to complete a Self Assessment Tax...

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1 Nov 2017
 

Scottish Budget Proposals

On 14 December, the Scottish Budget will set out the Scottish Government’s financial and tax plans.

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29 Oct 2017
 

Related Blogs

Solihull Chamber News Column - 24th August 2017

The Chamber’s Quarterly Business Report (QBR) always highlights some interesting information on what is happening in the business worl...

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24 Aug 2017
 

Solihull Chamber News Column - 10th august 2017

As Brexit becomes a reality, the Chamber of Commerce’s International Hub is stepping up its drive to encourage and help businesses to ...

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10 Aug 2017
 

An update on Making Tax Digital

The Government have decided that the introduction of Making Tax Digital (MTD) will be delayed for businesses. We have summarised the la...

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31 Jul 2017
 

  • Contact Prime Today

    Contact Prime Today

    To discuss how to protect your finances, please contact us for a free initial meeting.

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Tax Enquiries

Any client can be selected for enquiry by HMRC. It is estimated that there is a £40bn tax gap between what is due to HMRC and what they collect. As a result, HMRC has been tasked with reducing this deficit by £6bn over the next four years so all businesses are at risk of tax enquiry/investigation.

In fact, tax investigations are becoming increasingly more sector-targeted as GPs, barristers and plumbers have recently discovered.

Furthermore, a change in penalty calculations now reflects the level of intent of providing incorrect information. HMRC penalties range from 15% of potential lost revenue for failure to take reasonable care up to 100% for deliberate and understatement with concealment.

Prime has the expertise and experience to represent all clients finding themselves the subject of an enquiry. All clients are offered tax investigation insurance to cover the costs of such representation.

Call Prime Today - we're here to help

For peace of mind, contact Prime to discuss how to protect your finances and limit investigation costs. 

Coventry - 024 7651 8555 or Solihull - 0121 711 2468