• Address:

    Unit 101, First Floor, Cervantes House,
    5-9 Headstone Road, Harrow, HA1 1PD

  • Call Us Now:

    02079938850

FAQ's

FREQUENTLY ASKED QUESTIONS

Here’s a selection of our most frequently asked questions(FAQs). If you can’t find the answer you’re looking for, our team are on hand to help.

Most tax enquiries are generated by computer “risk profiling” and many are selected completely at random. As a result, HMRC sometimes picks the wrong targets. Even if you have done nothing wrong, the taxman will not give up and will still try hard to find errors.

Anyone who submits a tax return can come under scrutiny. Every year, HMRC start enquiries into many thousands of personal and business tax returns and accounts. VAT and PAYE payments are also thoroughly checked. The aim in every case is to collect more tax. HMRC has collected £26.6 billion from tax investigations in the last year

The questions asked by HMRC are usually very detailed and time-consuming to answer. The costs of defending you can easily run into thousands of pounds, even if little or no extra tax is paid at the end of the enquiry. These costs are not protected by the normal annual fees paid to us.

It is a Service set up by us and is backed by an insurance policy we have taken out in our own name with and protects our clients who suffer a tax enquiry. For a small annual fee, you can join our Service and obtain the benefits described in the Service Summary. When you subscribe to our service we are able to make a claim against our insurance policy held with Croner Taxwise in respect of our fees incurred. What are the main benefits to subscribing clients of this Service?

  1. We will defend you, if and when you are selected for a tax enquiry by HMRC
  2. The potentially high costs of professional fees for that defence will be claimed under the practices’ insurance policy
  3. It will not be necessary to accept unreasonable tax charges by HMRC due to concerns about professional fees
  4. You will also get free access to a 24/7 business legal helpline.

The questions asked by HMRC are usually very detailed and time-consuming to answer. The costs of defending you can easily run into thousands of pounds, even if little or no extra tax is paid at the end of the enquiry. These costs are not protected by the normal annual fees paid to us.

To find out more or to take out an annual subscription, please get in touch with us at Makesworth Accountants by calling 020 7993 8850 or mail us on info@makesworth.co.uk

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