HMRC is striving harder than ever to increase the amount of money it brings in from compliance activity. It brought in a record £28.9 billion during the past financial year from challenging accounts, tax returns and business records.
You might be chosen for an enquiry due to the nature of your business, where you live, the property you rent out or perhaps because HMRC has decided to target your particular profession. Or you might just be selected completely at random. Because of this, we are here to help attain tax dispute resolutions.
HMRC has a computer called Connect which stores all the information the taxman collects on businesses and people. Specialist analytical experts then trawl through all the data to identify potential risks.
More than 22 billion lines of data are already held by HMRC and that figure is likely to increase rapidly now that tax authorities around the world are starting to share information under the Common Reporting Standard.
If you find yourself in HMRC’s crosshairs, help is at hand: Harwood Hutton’s tax team can advise on HMRC enquiries, tax disclosures and tax disputes with the aim of finding cost-effective solutions and providing clients with peace of mind.
Contact Harwood Hutton’s tax dispute resolution team today.
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