Tax Investigations

HM Revenue & Customs (HMRC) have wide-ranging powers which enable them to enquire into the tax affairs of individuals and businesses and, due to the increasing volume of third party data they are able to obtain, more and more investigations are being opened.

Banks Sheridan understand that this can cause a significant amount of stress and take a huge amount of your time and attention. Our specialist team will guide you through the process of dealing with any HMRC enquiry in a timely and efficient manner. We will discuss the implications throughout the process assisting you from commencement through to closure. We will fully defend your position within the scope and parameters of the legislation to ensure that any potential tax liabilities and penalties are minimised.

Within our team we have staff with many years of experience in dealing with tax investigation work. Our specialist tax team deal with all HMRC investigations including:

  • Self Assessment Enquiries
  • HMRC Corporation Tax Investigations
  • Voluntary Disclosures
  • VAT compliance visits and investigations
  • PAYE compliance

To speak to one of our specialist business advisors, please contact us by clicking here

Tax Fee Protection Insurance

At Banks Sheridan we can provide you with a Fee Protection Service to mitigate the costs that may arise as a result of a Tax or VAT Enquiry from HMRC. The protection service covers our professional fees resulting from an HMRC Enquiry regarding::

  • Any compliance check started by HMRC regarding your compliance with:
  • Income Tax and/or Corporation Tax Self-Assessment
  • PAYE
  • National Insurance
  • VAT
  • IR35
  • Construction Industry
  • National Minimum Wage and;
  • Any consequent dispute with HMRC after the issue of an assessment, computation of liabilities, written decision, notice of VAT civil penalty or notice of underpayment of the National Minimum Wage.

Peace of Mind

Banks Sheridan’s Tax Investigation Protection are provided through Abbey Tax – the market leading Fee Protection Insurance provider in the UK. As well as peace of mind regarding potential substantial professional fees, included as part of the Fee Protection Service for business subscribers is comprehensive access to the Employment Law, Health and Safety and HR expertise. So, for no additional cost, you’ll gain valuable access to highly experienced consultants who can provide you their guidance and knowledge on a wide variety of subjects and issues.