What is Schedule 36? Understanding HMRC’s information powers during a tax investigation.

So you want to get down to the nitty-gritty of a tax investigation? Maybe you’re in the middle of an HMRC enquiry at the moment. Maybe you’ve just received your first notice of an upcoming investigation. Maybe you’ve been reading our previous posts and, as we always suggest, you’re getting yourself prepared. But one question … Continue reading What is Schedule 36? Understanding HMRC’s information powers during a tax investigation.

What tax records should you keep for your business?

Tips to beating an HMRC tax investigation.  Paperwork. Whether it’s a pristine colour-coded filing system or a cluttered bunch of notes on your desk - if you’re running a business, you’re going to need to keep your business records somewhere. Whether it’s supply costs, HR materials, or information about your finances, you’ll never know … Continue reading What tax records should you keep for your business?

What to do if HMRC ask for a meeting during a tax investigation?

Meetings. That dreaded word. How many meetings have you endured for the love of your business? Of course, at their best, meetings can be productive and exciting; there’s plans to be implemented and goals to be achieved. But sometimes? Meetings can be… well, a little tedious. And meetings with HMRC? They can be downright scary. … Continue reading What to do if HMRC ask for a meeting during a tax investigation?

5 pieces of information you can withhold from HMRC during a tax investigation.

Sometimes, it’s easy to forget some of life’s simple truths. The institutions we deal with on a daily basis, for example - banks, the council, even your internet provider? How easy is it to forget that, ultimately, they’re all run by people? People just like you. It’s the same with HMRC. We don’t think it’s … Continue reading 5 pieces of information you can withhold from HMRC during a tax investigation.