Our experts have been involved in many tax investigations, acting for clients who have been accused of diverting monies, suppressing profits, failing to report income or payments etc.
We dealt with each case sensitively and were able to guide the clients through the process and front negotiations with HM Revenue & Customs to reduce client stress. We provided invaluable advice on disclosure and settlement arrangements.
The client had admitted to under-declaring cash sales income for a business involved in property investment, property trading, waste disposal, waste transfer and skip hire.
The client did not know the extent of the under-declarations and therefore we were instructed to prepare a detailed report which examined every aspect of the business empire, and comment on whether the sales reported were consistent with core data.
Information prepared by the clients own reporting accountant was reconciled to core records, systems were reviewed for weaknesses and missing data was identified. The team was able to identify a large volume of converted sales orders which had not been recorded as sales receipts, collate a schedule of potential missing income and verify the values with the client.
Our experts dealt directly with HM Revenue & Customs officers to achieve an acceptable settlement.
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