H. M. Revenue & Customs Enquiries
One of the major departments of the recently combined offices of what was formerly The Inland Revenue and Customs and Excise is known as The Compliance Unit. They ensure that taxpayers, individuals and corporate entities, account to the Government for the correct amount of their respective liabilities to taxation. This is likely to result in many situations where revenue and Customs officers link up to look at not only income and corporation tax but VAT as well.
Their real function is to seek out and assess taxpayers who have underpaid their liabilities. The reasons for underpayment are numerous from honest mistake to intentional fraud. The officers in the specialist units are skilled in carrying out risk assessment of tax payers’ returns. The penalties that can be imposed are severe and in the more serious cases a prosecution could ensue. The cost of the enquiry can be significant not just in terms of tax, interest and penalties but in the time and effort required from the tax payer.
There’s no need to feel exposed - talk to Wellers. We’ll ensure your views are aired professionally.
“It still makes me go hot and cold thinking about the time that letter came in the post from HM R&C, despite the fact we have nothing to hide. Wellers sorted out all of the communication superbly and resolved the issue without us having to get involved in distracting discussions or importantly make any additional payments. We can breathe again without any issues hanging over us.”