HMRC actively use routine compliance visits to check PAYE, National Insurance, VAT, minimum wage and general books and records, so they can identify errors and collect additional tax.
So why not find out any risk areas first and have the opportunity to put the right, before HMRC do?
We offer a ‘test run’ where we can look at all the things HMRC do, and ask the questions they would ask, looking for errors or mistakes that you may have missed. This gives you the time to consider the impact of HMRC finding them, and if appropriate allowing you to rectify them, or be ready to point them out to HMRC is a visit takes place. Sometimes a voluntary disclosure following a thorough review by a professional can reduce the amount that HMRC look.
Sometimes this review can also identify opportunities that you may be missing out on.
If any errors are identified by HMRC, then there is a risk of additional tax, interest and penalties being raised.