HMRC Enquiry

HMRC has a variety of ways they can investigate taxpayers. One type is the general inquiry, which usually doesn’t result in imposing fines or charges unless there’s evidence to suggest that an individual has been evading taxes for several years and committed fraud through their claimed earnings on returns. If you receive a general inquiry letter from HMRC, our team can help you navigate the system and ensure that your assets are adequately reported. We will guide you through every meeting, explaining what is happening at each stage, so there’s no confusion about what your next steps should be to avoid penalties and charges.

At Capital Accounting Works, we ensure you get the best possible outcome if HMRC is investigating or even just looking into your tax affairs. We can help manage inquiries and ensure all documentation and information is prepared for an investigation. If you receive a letter that informs you that HMRC will be looking at your tax affairs, you must act quickly and get in touch with us. Our team has years of expertise in this field and will assist you in answering and managing your enquiry to ensure the optimal outcome.

If you receive a letter from HMRC soliciting you to use the CDF, it's essential to get advice from a professional. The reason is quite simple: HMRC suspects you have committed tax fraud. If you refuse to cooperate, HMRC will take over the investigation, which could result in a criminal investigation, and request information regarding your business and financial affairs from third-party sources. The investigation could be detrimental to your suppliers, customers, and other business contacts as they will be targeted.

HMRC organizes ‘campaigns’ to persuade individuals in specific fields or industries to report undisclosed income or undervalued income. As part of a campaign, you’ll be required to calculate your taxes, income, and interest due, as well as penalties. Penalties could range up to 20% of the tax owed. If HMRC finds out by itself, the penalty could be severe, with up to 100% of the unpaid tax. Therefore, it is wiser to disclose payments through the campaign to avoid a more significant fine.

At Capital Accounting Works, we provide the expertise and advice that ensures any imposed fines are as small as possible so your company isn’t held back due to the recent change in HMRC policy.

Negotiations with HMRC are generally straightforward, but sometimes there may be an inconsistency between your point of view and HMRC’s. We have years of experience handling complex issues with HMRC and finding satisfactory solutions for our clients. If you feel that HMRC is at fault, we can help you file a claim against them. We understand that investigations against you can cause financial burden and stress, and we will work to get you compensation for this.

HM Revenue & Customs (HMRC) suggests taxpayers notify the tax authority when they realize they did not disclose all the relevant information. Voluntary disclosure can help reduce the penalty, which could be severe if HMRC finds out by itself. Our team of experts can guide you through the voluntary disclosure process and ensure you comply with all HMRC regulations.