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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 ...Read more >
7 Feb 2018
Updated list of professional subscriptions
Employees are allowed to claim tax relief on their annual professional fees or subscriptions to some HMRC approved professional organisation...Read more >
2 Feb 2018
Scotland revise income tax bands
Derek Mackay, Scottish Finance Secretary, has made a change to the proposed Scottish income tax bands for 2018/19 which he announced in Dece...Read more >
1 Feb 2018
End of year tax planning video
As the end of the financial year approaches now is the time to start considering measures you could take to better structure your business o...Read more >
31 Jan 2018
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...Read more >
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 ...Read more >
10 Aug 2017
Contact Prime Today
To discuss how to protect your finances, please contact us for a free initial meeting.Please Email Us >
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