If HM Revenue & Customs choose you or your company for investigation, there’s no need to panic – Randall & Payne can help you avoid additional payments or high penalties.
If you have been chosen for investigation, our specialists will draw on their expertise to represent you and manage the investigation throughout, keeping you informed at every step:
It is an insurance backed service which protects you from accountancy fees associated in dealing with any HMRC enquiry or dispute.
£46.8 billion is the estimated tax gap between what HMRC should collect and what it does collect. To ensure tax compliance and to close this gap, HMRC undertakes tax and VAT investigations.
Once HMRC decide to investigate your return you have no option but to comply. Early professional representation is essential in quickly and successfully dealing with an enquiry. Even if your affairs are in order, and there may be no additional tax to pay, our fees to support you and your business throughout the enquiry remain.
To help ease the stress of an enquiry and avoid the unbudgeted costs, we offer our Tax Investigation Service to existing clients not under HMRC investigation for a one-off annual fee, which provides for our professional representation for up to £100,000 of fees and free access to My Business Hub.
There are many other forms of enquiries from HMRC now other than a standard investigation into a tax return. These include interventions, information requests and nudge letters. These are also covered as part of the service.
There is no definitive answer as to why, but there are a lot of possibilities: filing a later return, errors that require correction, dealing with cash, HMRC receives a tip off, or working in a targeted business sector, to name a few.
HMRC’s Connect database collates data from banks, Land Registry records, Visa and Mastercard transactions, DVLA, council tax, VAT registration documents, Airbnb, and believe it or not even your social media profiles.
Representing you can easily run into thousands of pounds but will vary from enquiry to enquiry, even if no extra tax is paid in the end. Immediate professional representation is essential in successfully and quickly dealing with HMRC enquiries, but that will come at a cost, and will not be in your budget.
Plus, for limited companies and partnerships, the tax investigation service provides inclusive cover for all relevant individuals. So if your business subscribes to the service, all of your directors, partners and their spouses and company secretaries will also receive representation during an investigation into their personal tax affairs as long as we act for the individuals concerned.
Just spend a little now to potentially save a lot later and take the stress, time and professional costs out of a tax investigation. Be safe in the knowledge that we will represent you and deal with HMRC on your behalf.
When our initial accountants could not deliver the independent assessment work on the grant claims quickly enough for our requirements, we approached Randall & Payne and have received regular and timely support for our grant audits ever since. We have benefited from significant R&D support and efficient accounting services from Randall & Payne, who have been supportive, responsive and proactive as the business and technology has flourished.
It was such a relief to find Rachel a few years ago after the accountant we had used for many years retired. We feel confident that Rachel has our best interests at heart.
James Geary has assisted me with planning a number of corporate restructures both for my business and for a few of my clients. He has the ability to consider the goals of all concerned to come up with a solution which not only works for everyone, but maintains tax efficiency and has always managed to secure the necessary advance clearance from HMRC without any hiccups. Very responsive and thoroughly recommended.
We had a great end of year meeting with Will and Andrew which included discussions and advice about new ideas going forward – it’s always pleasing to see progress year on year. We value their assistance and support, knowing they are always in the background and on the end of a phone or email when required. With their wealth of experience and all the latest tax advice, their service is essential for our ongoing success and development as a business.
The team helped select case studies to best illustrate the research and development elements of what we do and assisted at every stage of making a submission. I can’t recommend them enough.
I’d like to say a big thank you to Shaun Pegler and the team at Randall & Payne for always being there and for the invaluable support they give to me and the Applied Change team. They regularly go above and beyond and recently have delivered quickest turn round in year-end accounts so far, including an R&D tax credit. In my case, they haven’t just talked about clients’ success they have actually delivered it, time and time again and in all areas of finance, from tax to payroll to year-end and now book-keeping too. Thank you all and looking forward to continuing to raise the bar together!
We instructed James Geary at Randall & Payne to redistribute some shares for our small business after finding him through one of his blog posts. Not only did he advise us on what we needed in a clear and simple way, he answered all our questions quickly and in a friendly, non-condescending way. The price was very reasonable for the service we received. James went above and beyond, and even liaised with our accountant on our behalf. We would recommend Randall & Payne, and especially James for his knowledge and professionalism, and the ease of working with them.
Randall & Payne have been our accountants, auditors and financial advisors for well over 25 years and continue to be a trusted partner. They act quickly and efficiently, covering all aspects of the fiscal side of our business, including administering our payroll, looking after our tax affairs, year-end accounting and financial planning. As we look to the future, we are happy in the knowledge that Randall & Payne will be working with us to face the challenges ahead.
I wasn’t aware of R&D before engaging with the firm and they guided me through the process brilliantly, extracting the right information and presenting it in a way that was successful. Nothing was too much trouble, even jumping on a screen share with my current Accountant to do things I don’t need to understand! Was delighted with the service as well as the lovely refund we received, and will happily (and frequently do!) recommend them to anyone!
I have been a client of Randall & Payne’s for many years now, both for personal and company accounting services, and I cannot fault them. The firm is excellent across the spectrum, from business leadership coaching and financial planning to practical tax advice. I feel I know the advisers personally now and am always met with the same level of professionalism and friendliness. Even when I feel I may be asking very ‘simple’ questions, they still make me feel valued.
Officeworx Ltd have been using the services of Randall & Payne for 25 years. In this time, they have supported us with everything from our standard year-end accountancy through to business advice, consultancy, acquisitions and mergers. They have experts for every requirement and offer a wide range of services. With the team at Randall & Payne behind us, we can get on with doing what we do best – running our business.
The Partners and team at Randall & Payne simply gave us what we needed to turn our plans into reality. We are excited about the future and are already working with them on the next three-year plan.
