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:
With over 50 years of combined experience in the industry, dns can deal with your VAT investigations to achieve excellent output. 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.
Most tax investigations happen because HMRC has reason to believe that some aspect of your tax return or business accounts is wrong. They may have received a tip off, some figures in the tax return may not tally with other information they have, or the return may have been sent in late.
One important way to minimise the risk of becoming a target for investigation is to make sure your personal tax return and company accounts are always delivered to the appropriate agency (Companies House/HMRC) on time. Another way to avoid suspicion is to use the dns online accounting portal, employ a good accountant, keep hold of receipts and be scrupulous about correct reporting. Another thing, never ignore any correspondence from HMRC.
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.
HMRC ensures whether you're paying the right amount of tax or not, so don’t be surprised if you are being investigated.
Most small to medium sized businesses only get a visit once every 3-4 years. If you have received a VAT inspection notice, it could be due to several reasons;
dns accountants understand how to handle your VAT investigation procedure and deliver the best outcome.
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.
HMRC usually contacts you to arrange a visit. They normally give you seven days’ notice. They’ll confirm what information they want to see, how long it’s likely to take and if they want to inspect your premises. You can also ask them to delay the visit.
HMRC can look back up to 20 years to recover VAT lost due to criminal or civil VAT fraud. HMRC has the power to arrest, without a warrant, anyone suspected of criminal VAT fraud or using false documents (Value Added Tax Act 1994 S.72 (9)).
Part of HMRC’s review of powers has sought views on applying the relevant provision in the Police and Criminal Evidence Act 1984 (PACE) across all of its activities.
Changes introduced in the Finance Act 2007 gave trained officers harmonised powers to apply for search warrants, production orders and powers of arrest across all areas of taxes. These are subject to important safeguards generally attached to criminal investigations.
In serious cases of fraud, HMRC can bring in the Special Compliance Office, an elite unit responsible for the most high-profile investigations. The SCO has the power to negotiate settlements and can also agree not to prosecute a taxpayer as long as full disclosure is made.
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.