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Topic Title: Inland Revenue
Topic Summary: Latest missive received
Created On: 21 March 2013 05:23 PM
Status: Post and Reply
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 21 March 2013 05:23 PM
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mikejumper

Posts: 1670
Joined: 14 December 2006

This appears to be a continuation of the Electricians Tax Safe Plan that many posters, including myself, received some time ago.

It's a couple of A4 pages and is couched in terms of 'helping' you to get your tax return right.

It lists a couple of the reasons why, in their experience, people might get their tax returns wrong.

These include:
Missing out some of their income, particularly money from cash jobs.
And:
Making incorrect claims for business expenses.

I think I've probably received this as I'm approaching my tax year end.

Anyone else had one?
 21 March 2013 06:25 PM
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Dave69

Posts: 428
Joined: 16 July 2011

NOT YET
I'll look forward to getting mine soon then
 21 March 2013 08:42 PM
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Thripster

Posts: 553
Joined: 22 August 2006

Allied to this - is there any truth in the rumour that the firm investigated has to foot the bill of the HMRC investigators? A customer showed me paperwork from om an insurance company that offers to insure against being investigated.

Regards
 21 March 2013 09:04 PM
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keylevel

Posts: 452
Joined: 31 October 2003

Being investigated can be expensive, even if there costs aren't included. It can take an accountant many, many hours to produce the numbers they demand.

I once received a letter from the "Special Compliance Office" (or similar name) in Liverpool. The gist of the letter was "We are going to investigate your expenses, give us £850 and we'll call it quits (but not say they are ok). If you don't, we can assure you that you will incur professional fees well in excess of this". I knew my expenses were good.

If I had tried this on, I would have been done for blackmail or something :-(
 21 March 2013 09:16 PM
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KFH

Posts: 199
Joined: 06 November 2010

They can also been going after people for keeping poor financial records but I believe they have been told to stop.
 21 March 2013 09:30 PM
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aligarjon

Posts: 2729
Joined: 09 September 2005

check your public liability insurance. mine covers me for expences incurred from a tax investigation.


Gary

-------------------------
Specialised Subject. The Bleedin Obvious. John Cleese
 21 March 2013 09:48 PM
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Thripster

Posts: 553
Joined: 22 August 2006

Thanks Ali - that's a good idea - I'll have a look.

Regards
 03 May 2013 10:25 PM
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leckie

Posts: 1605
Joined: 21 November 2008

If the hrmc find anything wrong you can't even put your costs for (accountants, solicitors ) against your earnings. You have to be clean as a whistle. As I am
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