Subscribe to our e-news

Register now to receive regular e-news bulletins designed for business owners and individuals.

Please enter your email address below:

Related News

Advisory fuel rates for company cars

New company car advisory fuel rates have been published which took effect from 1 June 2017. The guidance states: ‘You can use the...

Read more >
9 Jun 2017
 

Tax-Free Childcare and childcare options

Tax-Free Childcare, the new government scheme to help working parents with the cost of childcare launched at the end of April and is being r...

Read more >
7 Jun 2017
 

VAT fuel scale charges

HMRC have issued details of the updated VAT fuel scale charges which apply from the beginning of the next prescribed VAT accounting period s...

Read more >
12 May 2017
 

Related Blogs

Second Hand Cars for Business? A REAL Alternative!

I’m Chris, the founder of a Solihull based business with an International customer base. In the last 12 months, I’ve seen my bus...

Read more >
26 Jun 2017
 

Check of employer records

HMRC have been tasked to raise additional revenue. This will be achieved through a variety of methods, including increased employer complian...

Read more >
30 May 2017
 

Solihull Chamber survey surprises

Last week Kevin Johns, Prime’s Managing Director and President of the Solihull Chamber, hosted the Solihull Chamber Breakfast. The eve...

Read more >
17 May 2017
 

  • Contact Prime Today

    Contact Prime Today

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

    Please Email Us >

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