Facing an HMRC tax investigation or compliance check can be a stressful and high-stakes experience. Tax Investigations could start simply via random checks, or because HMRC have noticed something they wish to investigate, which could be at any time and for recent or historic events.

HMRC Lookback Time Limits

• Normal Behavior / Genuine Error: Up to 4 years.
• Careless Behavior: Up to 6 years.
• Deliberate Evasion / Fraud: Up to 20 years.

Possible Outcomes

• No Action: Case closed with no adjustments needed.
• Tax Repayment: Overpayments returned by HMRC with interest.
• Additional Assessment: Owed tax must be paid within 30 days, plus interest and behavioral penalties (ranging from suspended penalties for carelessness up to 200% for deliberate offshore/onshore non-compliance).
• Criminal Prosecution: Referral for prosecution in severe fraud cases

Here at Tally Accounting we help to protect your interests by providing rigorous due diligence and expert guidance through every stage of an inquiry. Letting us handle HMRC on your behalf can help reduce your stress and enable you to concentrate on running your business, whilst we liaise with HMRC for you.

Call or email us if you'd like to discuss us potentially helping you with our HMRC service. Alternitively, use the following contact us form below.