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.