Why Has HMRC Targeted my Business? is it fair?

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Most tax investigations occur when HMRC has reason to believe that your business isn’t paying its taxes in full. Common issues that can lead to a tax investigation include:

  • Filing tax returns and paying taxes late, especially when this occurs frequently
  • Inconsistencies or unusual differences between your tax returns
  • Using offshore bank accounts or other signs of money being transferred out of the UK
  • Operating a business that frequently takes cash payments
  • Operating a business in an industry that’s been identified as being at high-risk for tax evasion and/or income misreporting
  • Making errors in your tax payments that need to be addressed and corrected
  • Receiving income from real estate
  • Reporting abnormally high costs compared to similar businesses in your industry

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