There are huge benefits to taking out dns tax investigation cover,
here’s just a few of them…
Whatever type of investigation is opened against you we can handle it and having tax investigation cover gives you the peace of mind of knowing you’ve got experts on your side, and it won’t cost you a fortune. Our cover includes:
You can’t stop a tax investigation happening but dns can take away the worry and the cost of dealing with a tax investigation. Give us a call today on 03300 886 686 to speak to our advisors, we'll help you with all your tax investigation needs.
Our goal is to provide the best service to all our clients, all the time.
Read what our clients say about us.
I am writing this email as a token of appreciation for Manish Garg, who is our lead accountant for the past...Read more
We work with DNS Associates for 4 years now and we always had a feeling that our problems and questions are top...Read more
DNS Associates provides cost effective and very professional services. My accountant Sneha Gurudutta has been...Read more
Very professional and efficient team. I will highly recommended to all small or big business owners...Read more
I’m a new client and Debangshu Sarkar has been reliable, timely and informative to date. Very impressed...Read more
Excellent services, my account manager Amit Gupta always there for me, excellent work on time and take...Read more
I recently starteed my own company and in need of a good accountant. With my friends reference, I started...Read more
I have been using DNS Services over a year from setting up my company till date. They are extremely professional...Read more
I am writing this email as a token of appreciation for Manish Garg, who is our lead accountant for the past couple of years. Manish is a very helpful person who often goes above and beyond to ensure that clients are fully satisfied and happy with the service provided by DNS. He also has a friendly attitude coupled with excellent subject knowledge and attention to detail, and is certainly a great asset for the company. Owing to such a fantastic service provided by Manish, I will always recommend DNS associates to all my contractor friends and colleagues.
We work with DNS Associates for 4 years now and we always had a feeling that our problems and questions are top priorities for them, especially Elena Ursuta our account manager who always helped us out. Would recommend DNS.
DNS Associates provides cost effective and very professional services. My accountant Sneha Gurudutta has been always very keen to assist with whatever queries I may have. They are punctual and provide excellent service throughout.
Very professional and efficient team. I will highly recommended to all small or big business owners. Amit Gupta is our account manager and he is handling our two companies accounts. he is very helpful and he always notify us time to time . Thank you Amit Gupta and all DNS accountants team.
I’m a new client and Debangshu Sarkar has been reliable, timely and informative to date. Very impressed with the service.
Excellent services, my account manager Amit Gupta always there for me, excellent work on time and take every extra mile for my business, always gives the time to explain. Really can’t complain.
I recently starteed my own company and in need of a good accountant. With my friends reference, I started DNS accountancy services and I am a quite satisfied with their service. My account manager Sneha Gurudutta was always responsive and guided me a lot especially during my company early days. Keep u the good work.
I have been using DNS Services over a year from setting up my company till date. They are extremely professional and flexible.We get support on weekends too which is a handy. Above all Sneha Gurudatta is always helpful and very quick in getting up the things done.Thanks a lot for the good job Sneha. I already recommended few people and will continue the same in future .Thank you.
You may have received it because HMRC has information that you have not accurately declared your income, tax has been under-assessed, and excessive relief has been awarded. You have undeclared offshore income, or you have sold property abroad.
HMRC officers may raise discovery assessments if one of the two following conditions applies:-
Before replying to the officer who has sent you the letter, you should speak to a specialist who will first seek to validate HMRC’s discovery assessment notice to ensure it complies with the tax laws and their right to exercise enquiry in the first place.
HMRC can either raise a Discovery Assessment:-
Experienced professionals must handle Discovery Assessment due to the underlying risks of huge penalties or facing prosecution.
No. HMRC randomly selects a proportion of tax returns every year. In the first two years of self-assessment, some 15,000 returns were investigated. HMRC will write to you to let you know that your affairs are being investigated although it will not normally give the reason behind its decision to launch an enquiry. Under the self-assessment regime, the Revenue must start any enquiry within 12 months of the last filing date of 31 January but there is no requirement for an investigation to conclude within a fixed period of time.
Some enquiries can last more than two years, but there is no time limit and they can go on for as long as HMRC need to do a full investigation.
If it is found that a tax payer has intentionally misled the tax authorities, punishment can be severe: prosecutions, jail sentences and stiff fines designed to recoup the unpaid tax and penalties.
In cases where minor amounts of income have been undeclared or where small mistakes have been made on the return, normally the matter can be cleared up with a few phone calls and submission of relevant pay slips. If the problem appears to be a simple one of omission, HMRC can ask the tax payer to answer specific questions or provide documents that might answer the question. If it is discovered that tax has been underpaid, the taxpayer will have to pay what is due plus any penalty or interest accrued. Where serious fraud (amounts of more than £50,000) is concerned, HMRC can start to request information from banks, accountants and other parties if it is the tax inspector’s “reasonable opinion” that this will help the investigation.
With over 50 years of combined experience in the industry, dns accountants can help reduce the chances of HMRC investigation.This is just by ensuring accurate and timely submissions, maintaining necessary digital record keeping and ensuring you remain compliant at all times.
Call dns with your enquiry to put your mind at rest and speak with our tax expert today.
Yes, but taxpayers’ affairs are confidential and information will only be disclosed to people that the individual agrees it may be given to, such as dns or another adviser. But, HMRC can ask former employers, customers, suppliers or colleagues for information relating to its investigation
Yes, of course, but you may have to go back through the whole accounts’ years (legally you must keep six years), and to collate this and submit it all is quite a job if you are still trying to run a company.
Yes, if you have subscribed to our Tax Investigation Service we will look after searching, collating, submitting all the documents requested and required. We will liaise with the tax authorities on your behalf and help you every step of the way. You will also have access to a legal helpline to make your tax investigation work easy.
There is an article on our blog. Or you can visit the HMRC website for more detailed information.