Sterling Accounting Solutions Limited

Is my business vulnerable to investigation done by the HMRC? My business has never violated any tax rule and the deadlines and account are all up-to-date and no amount is owed, but does that exclude me from investigations?

Asked by Sterling Accounting Solutions Limited 2 years ago business


Paul T. Hawkins
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Due to the wide tax gap, the HMRC is keener than ever in keeping an eye on all businesses and enterprises. The HMRC’s Enterprise Data Hub to check all; data received from government agencies to look for cases that might require further investigation. The HMRC has also implemented stricter monitoring on card transactions to see if the accounts received by HMRC and the turnover figures match. There has also been an increase in the number of staff checking whether companies and businesses pay the right taxes.

To sum up, we can say that the main goal of the HMRC is to narrow the tax gap and maximize the revenue it receives from businesses, especially SMEs which are likely to be the most vulnerable to investigations, considering that SMEs are said to be responsible over 50% of the tax gap. All SMEs and all businesses in general can be subject to investigation so it’s important to receive protection from trusted agencies like Sterling Accounting Solutions Limited who will provide the protection your business needs throughout the investigation and interrogation process, in the event that your business is subject to investigation by the HMRC.

by Paul T. Hawkins 2 years ago

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Is my business vulnerable to investigation done by the HMRC? My business has never violated any tax rule and the deadlines and account are all up-to-date and no amount is owed, but does that exclude me from investigations?

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