HMRC are as determined as ever to increase the tax yield from taxpayers and they are enjoying unparalleled success having reported £20.7 billion in additional revenue through tackling tax avoidance and evasion and fraud. The additional resources provided by the Treasury are clearly being well deployed into additional tax investigation activity such as:
- The last reported number of people being investigated by HMRC increased significantly to over 230,000 per annum
- Anecdotal evidence suggests a more “heavy handed” approach is being used by HMRC
- Whilst only 165 people were jailed in 2010 for tax evasion and fraud, by 2013 that number had jumped to 1,165
Consequently it should be no surprise to learn that this activity is set to continue together with a tougher regime to tackle tax avoidance. It is therefore more important than ever that you are able to defend yourself in a tax investigation and even if you are found to owe no additional tax, you will still have to pay the professional fees incurred in handling your case.
Premier Protection is the tax investigation service offered by Ritchie Phillips to its clients which allows us to represent you if you are subject to a tax investigation; and pays the accountancy fees arising from that tax investigation.
Premier Protection has an incredibly wide scope and covers claims up to £100,000. Knowing that your accountancy fees are paid for allows us to get involved at the start of the investigation, to increase the chances of a successful outcome and stay involved until the enquiry is concluded with HMRC.