A random selection of Tax Returns is made by HMRC each year for enquiries
Under the self-assessment system, an HMRC officer has the right to make enquiries into any tax return and to any subsequent amendment to the return made by the taxpayer.
There may be a specific transaction or entry on the return which causes the enquiry to be opened, but also HMRC randomly select a number of tax returns for enquiry each year. In each case, HMRC will generally need to be furnished with the information and source documentation to allow them to confirm that the return is correct.
For the taxpayer, dealing with an enquiry is not only time-consuming and costly but whilst fee protection insurance can protect you from the costs involved in dealing with an enquiry, it can still be a worrying experience. Tax Innovations has experience of helping taxpayers to respond rapidly and fully to HMRC so as to bring the enquiry to a quick conclusion, whether we have been involved with the preparation and submission of the original return or not.
If you would like more information regarding tax enquiries, or if you need help with an open enquiry, please contact Tax Innovations on 01962 856 990 or firstname.lastname@example.org.
For more information on how to respond to HMRC’s tax return enquiries please call us on 01962 856 990 or visit our contact page.