HMRC Tax Investigations

An HMRC tax investigation is a review carried out by HM Revenue and Customs to check if individuals or businesses have paid the correct amount of tax and complied with tax laws. It involves examining financial records and tax returns to identify any discrepancies or non-compliance issues. They request information such as tax payments, accounts, tax returns, PAYE records (for employers), and VAT returns (if registered) via letter or call.  

 
You don’t need to notify HMRC of savings interest if it falls within tax-free allowances, like Personal Allowance and Personal Savings Allowance. The Starting Rate for Savings may also apply. If your interest exceeds these limits, you may need to report it through Self Assessment or have your tax code adjusted automatically if employed. Reclaim tax on savings interest paid below the allowance within 4 years of the relevant tax year through a Self-Assessment Tax Return or form R40. 

You can directly contact HMRC, call their helpline at 0300 200 3300 or contact them on their official website: https://www.gov.uk/government/organisations/hm-revenue-customs.  

Their official postal address: HM Revenue & Customs, PO Box 4000, CARDIFF, CF14 8HR.

Lanop specializes in handling all types of tax investigations. Our expert chartered accountants provide advice on COP 8, COP 9, HMRC Nudge Letter, disclosure facilities, fraud, VAT, and PAYE investigations. With Lanop’s assistance, you can have confidence in managing HMRC tax investigations, mitigating risks, and achieving the best possible outcome.