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Peria & Co |
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Investigations
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Investigations and enquiries by the HM Revenue & Customs
are a minefield for the unprepared and ill-advised: and can result in potentially unnecessary tax, interest and penalties. We provide a comprehensive and confidential service including: q
Consulting
advice q
Completion
of disclosure reports q
Dealing
with HM Revenue and Customs q
Setting
and monitoring tronc schemes q
Providing
a PAYE and Health Check Service q
VAT
investigations How to Avoid Tax Investigations The following guidelines should help you to avoid a tax investigation: q
Complete
and file accounts, returns and statutory forms on time. q
Avoid
using estimated or provisional figures. q
Make
use of disclosure boxes to explain major changes in any year which may have resulted in 'blips' (e.g. large amounts of interest
received as a result of major inheritance or significant leap in turnover due to 'one-off' major order, etc.). q
Keep
good and up to date records for the requisite amount of time (just under six years for a business and just under two years
for an employee or non-business taxpayer). q
Avoid
using company funds to pay personal expenses. q
Never
pay round sum expense allowances. q
Try
to avoid paying or being paid in cash. q
Undergo
periodic 'health checks' to ensure systems are regularly updated and keep pace with growth in turnover. q
Never
backdate paperwork. q
Never
take actions retrospectively. q
Never
push income into a subsequent quarter, month or year by delaying raising an invoice etc.
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