Tax law is extremely lengthy and complex. So much so that last year the newly created ’Office of Tax Simplification identified that there were 1,042 tax reliefs within the existing law.  Many of these tax reliefs may only benefit a small number of people however, it is easy to see why people can sometimes miss out on tax reliefs that they are entitled to.

 

On the flip side, underpay tax that you owe and HMRC will penalise you more heavily than ever before.  They are being more proactive in finding people and businesses to investigate and have an annual target of 20,000 visits

 

 

 

 

It goes without saying that good professional advice will help you to avoid the eye of the taxman. Submitting your returns in good order and on time will certainly help.

Use our Business Record Checker as a quick way to find out if you have any current cause for concern.

 

For more spcific advice on tax planning and complex tax issues contact Patrick Hamilton who leads our specialist tax team. 

 

We also strongly recommend that you consider insuring yourself against the additional and unexpected cost of a tax investigation.  It is a little outlay for a large peace of mind. 

To find out more about Bentleys tax investigations scheme contact us today.