Warning - A compliance check sounds almost friendly - don't be fooled.
You have been actively selected for a tax investigation because the tax man believes their are irregularities in the amount of tax you are paying. This simple compliance check could spin out if control causing you a major headache.
You need professional representation - You need our tax investigation expert
HMRC's yield from tax compliance investigations in the construction sector last year leapt by 20%. HMRC's construction sector crackdown is part of a wider effort to boost tax revenue through compliance work. HMRC target the construction industry as it is seen as an easy target. This is set to continue year on year.
HMRC have dedicated teams that deal with Construction Industry Investigations. Because of the complexity of the CIS scheme, there is plenty of opportunity for errors with paperwork and tax codes. Good record-keeping is essential for construction businesses and workers. Unfortunately, HMRC are aware that this is frequently not the case and will take advantage of this fact during an investigation to demand more taxes.
The Government believes that approximately 350,000 self-employed sub-contractors are engaged under a ‘contract of employment’ and should be taxed under Pay As You Earn (PAYE), according to the schemes rules and regulations. Failure to comply can result in you, as the Contractor, being liable for the tax that should have been deducted, plus interest and tax penalties.
CIS Compliance Checks and Investigations - How we can help
Get in touch immediately to discuss the your concerns.
Without exception, when the taxman comes knocking, he wants to recover tax and VAT. In serious cases, we have saved companies literally tens of thousands of pounds - a fraction of the fees that we charge.
We are fully experienced in HMRC tax investigations. Call us NOW to get all your Construction Industry Scheme records in order.
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