An Employment Tax Health Check is a recommended preventative measure that helps a company get their tax affairs in order and as compliant as possible should HMRC decide to carry out a PAYE Inspection visit. This type of inspection relates to Employment Tax and legislation in this area can be complex and changes frequently. It's common practice for HMRC to undertake routine visits every 6 years which many employers have become accustomed to. However, PAYE Inspection visits are due to become more frequent with HMRC increasing the number of compliance officers they employ, working towards their target of 22,000 officers by 2020.
Companies most likely to receive one of these visits are those deemed to be a 'high risk'. High risk companies in the eyes of HMRC are those from industries where they have historically uncovered tax problems relating to things like company cars, fuel benefit, and high spend on travel, subsistence and entertaining.
HMRC have been known to drag their PAYE Inspection visits out over an extended period of time whilst they work through physical records such as expense claims, purchase invoices, petty cash records and the like. As you may imagine this process can cause significant disruption to a business and its day to day running. There is also a personal time cost as HMRC are likely to also carry out a detailed interview, typically with a series of follow up questions.
There are also financial implications should HMRC find any wrongdoing. No matter how diligent an employer may have been, the extent and complexity of the PAYE Inspection often results in HMRC uncovering something that puts the company at risk of being fined. Even small infractions can result in costly fines as HMRC may look to recover liabilities, interest and penalties going back years.
Gilbert Tax understands that people sometimes make mistakes in their dealings with HMRC and that HMRC make mistakes in dealing with taxpayers. Many people do not know how to deal with HMRC or who to turn to for help resolve the tax dispute.
Gilbert Tax is a firm of tax advisors who specialise in resolving people's problems with HMRC. We have extensive expertise in dealing with all forms of tax investigations and tax disputes as well as with taking matters to the Tax Tribunal where agreement cannot be reached.
Gilbert Tax deal both directly with the individual who is under enquiry and also work with many firms of accountants supporting them in dealing with HMRC disputes and advising them on how to handle HRMC to get the best result.
The fact is that proper management of HMRC is the best way of reducing the tax, interest and penalty as well as the time taken in resolving any tax dispute.
Gilbert Tax are none judgemental and rigorously defend your position within the scope and parameter of the law. We take control and manage the process to minimise the interruptions that any form of tax investigation causes to an individual's life and business.
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