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Tax-free childcare roll out

The implementation of Tax-Free Childcare, the new government scheme to help working parents with the cost of childcare, is being rolled out ...

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Derek Mackay, Scottish Finance Secretary, has made a change to the proposed Scottish income tax bands for 2018/19 which he announced in Dece...

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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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  • 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