• ICAEW
  • KASHFLOW

 

0161 928 3276

 

 

We understand our clients

Has Your Competitor Reported You on the HMRC Hotline?

Newsletter issue - January 07.

HMRC has reported that calls to the Tax Evasion Hotline have rocketed to 75,000 over a three-month period. Apparently, as well as ex-spouses there are now many business rivals reporting others who are trying to gain an unfair advantage.

HMRC clearly believes the hotline is a success and is getting used more all the time as more people become aware of it. It believes that is is the right thing for businesses to be shopping competitors who are not playing by the rules. There is a danger of course that it will also be used by competitors to maliciously report others and give rise to unnecessary enquiries.

It is therefore becoming even more important to be properly represented should you fall under enquiry and to take all other precautions in the first place to minimise the risk of enquiry. If there are no other risk factors, it is likely that an anonymous phone call to the hotline may go no further but if you have other risk factors such as unusual variations on your tax return that have not been explained, the combination may result in an enquiry. Avoidance of tax enquiries is often about knowing what the risks are and properly managing those risks to ensure HMRC do not wrongly suspect you of something.

 

To work Smarter in your Business Contact Beauchamp Charles

Contact Us

"Join our newsletter for hints, tips and tax advice"

 

What our clients say

Dakins Property Services

Great Results, Personable, High Integrity

Choice Events Limited

All at Beauchamp Charles are very helpful, approachable and easy to talk to. They keep me informed with key dates; I can feel totally confident that I won't ever miss any deadlines! Whoever I deal with, always deal with matters professionally and efficiently and if they are unavailable they get back to me promptly.

FT leisure Ltd

I have worked with Beauchamp Charles as our management accountants for over 20 years and have never received anything less than exceptional service. Their approach is both professional and personal. Finances and particularly tax strategies are a minefield for small businesses; Beauchamp Charles have in-depth knowledge of these area, which is comforting. They pay very close attention to our business activities and have provided financial strategies that have helped our company develop.

Fredrick Thomas Electrical and Maintenance

We have used Beauchamp Charles since company formation back in 1998. Beauchamp Charles offers us a one to one service as they are small enough to offer this dedicated service and large enough to do the work and offer best advice. They get to know us as individuals and a business, always giving sound advice. Frederick Thomas Electrical are in a stronger place thanks to the service we get from them.

Barnes Walker Landscapes Limited

We are a small business and had employed the same accountancy firm for many years. Two years ago we took the decision to switch to Beauchamp Charles after several othe local businesses recommended them very highly to us. We have not been disappointed with the service they have provided to us over these last two years.