Anyone Can Be Investigated by HMRC

The "Connect" system, a potent database that gathers data from over 30 sources to spot irregularities, now flags over 80% of inquiries as a result of HMRC stepping up targeted tax campaigns.

It's critical to get professional guidance as soon as possible if HMRC contacts you. Boobooks can assist you, handle all correspondence, and assist in effectively resolving the inquiry, providing you with professional counsel and peace of mind at every stage.

Small Businesses

Over 14 million people are employed by small enterprises, which make up 95% of all businesses in the UK. Small business tax collection rose by £200 million, to £5.6 billion, despite HMRC cutting compliance spending by £35 million.

Tax Investigation: Who is at risk?

Mid Sized Businesses

Although HMRC has historically concentrated on major organizations, in an effort to boost tax collection, it is increasingly focusing on small and mid-sized businesses. HMRC collected almost £4 billion from mid-sized enterprises in 2018–19 alone, a 14% increase from the year before.

Large Businesses

HMRC received an extra £1.0 billion in compliance yield from large companies. HMRC recovered £1 billion in taxes in 2018–19 by investing £25 million in compliance activities—a return of £40 for every £1 spent.

Individuals

Individuals making less than £150,000 a year and owning less than £1 million in assets paid an additional £2.4 billion in taxes to HMRC, underscoring the greater scrutiny of regular taxpayers.

Wealthy Individuals

By investing just £145 million in compliance, HMRC was able to collect £1.8 billion in taxes from wealthy individuals—a phenomenal 80% increase in yield for just 7.5% more investment.

Our Services

Clients can concentrate on managing their businesses thanks to Boobooks' tax investigation service, which helps them from the initial HMRC contact to the final conclusion.

Advantages consist of:

• coverage for accounting fees up to £100,000

• Complete representation and communication with HMRC

• Professional defence by certified accountants

• Safety during VAT, PAYE, or complete records inquiries

• Support for in-person meetings and document management

• Reduced disturbance and tranquility
  

Our dependable service helps you avoid problems in the future, saving you money, time, and stress.