Latest Tax Enquiry and Investigation Service

5th October 2017 HMRC “Connect”: Now checking businesses that should VAT register.

We have known since 2010 that HMRC has a computer programme, called “Connect”, that is collecting data from a variety of sources about taxpayers, and then using this intelligence to check on correct tax compliance. We have known that these data sources include Banks, Social Media, DVLA, Local Authorities, Foreign Tax Jurisdictions and Land Registry.…

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24th February 2017 Renewal Premiums

Tax Investigation Insurance: Premiums for 2017-18 policy year. Prices unchanged from the previous year:   Limited companies with turnover >£20m                    POA Limited companies with turnover £10m to £20m     £540 Limited companies with turnover < £10m                   £185 Partnerships and LLP’s                                                     £155 Sole traders                                                                         £100 Private clients                                                                       £40 Our tax investigation insurance business is…

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22nd March 2016 Insurance Renewal

Tax Investigation Insurance: Premiums for 2016-17 policy year. Premiums wef 1 April 2016: Limited companies with turnover > £10m …… £540 Limited companies with turnover < £10m …… £185 Partnerships and LLP’s ……………………………. £155 Sole traders ……………………………………………. £100 Private clients……………………………………………..£40 Our tax investigation insurance business is administered from our Bury St Edmunds office(Contact: Jill Holt).

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26th November 2015 Tax Revenues

Tax Investigations Insurance: £800 million more for HMRC, to close the ‘tax gap’. Among the many announcements affecting HMRC and the way it administers the tax system in future years, Chancellor George Osborne has pledged £800 million of funding for additional work to tackle tax evasion and non-compliance. The aim is to raise an additional…

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24th July 2015 Tax Whistle-blowers

Tax Dodgers Beware: HMRC makes record payments to informants. Our Fee Protection insurers report that HMRC made payments of £605,000 to informants in the year to March, up 50% on the previous year. Around 100,000 calls were made to HMRC’s confidential telephone hotline over the last year. Finding sufficient supporting information to justify following up…

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15th May 2015 HMRC Intelligence

HMRC “Connect” System: Big brother is watching you ! HMRC is gathering an increasing amount of data from a variety of sources about taxpayers using its “Connect” system. Since 2010 HMRC has collected information from organisations such as the banks, the DVLA, local authorities and foreign tax jurisdictions, and uses it to build up a…

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23rd March 2015 Tax Enquiry Risk Mitigation

Tax Investigation Insurance: premiums for 2015-16 policy year Premiums wef 1 April 2015: Limited companies with turnover > £10m …… £525 Limited companies with turnover < £10m …… £180 Partnerships and LLP’s ……………………………. £150 Sole traders ……………………………………………. £100 Our tax investigation insurance business is administered from our Bury St Edmunds office(Contact: Jill Holt).

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17th June 2014 Tax Risk Management

Insure against the risk of a ‘challenge’ from HMRC. Recent figures published by H M Revenue & Customs confirm that the government’s drive to close the “tax gap” yielded a record £23.9 billion of additional tax in 2013/14, an increase of £3.2 billion on the previous year and £9 billion more than three years ago.…

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5th December 2013 HMRC Investigations

Health Professionals Targeted in New HMRC Campaign. People in the health and wellbeing professions who have taxable income that they have not told HM Revenue and Customs (HMRC) about are being targeted in a new campaign. The Health and Wellbeing Tax Plan offers health professionals a time-limited opportunity to bring their tax affairs up to…

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24th January 2010 Continually Minimise IR35 Risk

We can assist in this process, by reviewing your current contractual terms and working practices, to assess “IR35 tax risk” and then suggest improvements. HMRC provide an online tool to assess your employment status: Employment Status Tool The following badges of trade are some of the factors HM Revenue & Customs would use in assessing…

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