Tax Investigations

Review of Company Procedures

With PAYE Compliance reviews becoming more common and often leading to additional Income Tax and National Insurance liabilities, why not take action now and prevent any nasty surprises.

It is a common misconception that Compliance Visits are a simple review of the wages records, when actually they are one of the most in-depth enquiries.

HM Revenue & Customs have a broad authority to examine the following records:

  1. Copies of P11ds and P9ds
  2. Wages Records
  3. Petty cash records
  4. Expense claims
  5. Cash book
  6. Purchase invoices
  7. Timesheets
  8. Bank statements and cheque book stubs

The purpose of the review is to:

  1. Ensure compliance with PAYE regulations
  2. Application of National Insurance
  3. Review status of workers
  4. Ensure correct taxation of benefits

Depending on the size of the business, one or more reviewers will undertake the inspection of the records and carry out an initial interview with the director or relevant person. The reviewer will work their way through a questionnaire, the answers to which will be used to determine which areas give cause for concern.

On conclusion of the review, a letter will be sent setting out the findings of the review and a calculation of any proposed additional Tax and National Insurance liabilities.

Often, with the correct approach, the adjustments sought by the Revenue can be challenged and the additional liabilities mitigated.

With Revenue departments now all working closely together, any irregularities discovered are likely to be passed on to their colleagues.

How We Can Help

PAYE health check – take the first step

Why wait until it is too late to take any corrective action. We offer a full review of your current procedures and systems to ensure that there are no potential problems.

Our staff have a proven track record in this area and will conduct an in-depth inspection of your records and procedures. We will provide you with a report of our findings, which will include any weaknesses discovered and our suggestions on what should be done to rectify them.

The review will take place at your premises and will be on a fixed fee basis.

Investigation Support

If your business is due to have a review or a review has already taken place, we can guide you through the whole process.

This will include:

  1. Briefing prior to any meeting on what can be expected and the best approach to be taken
  2. Attendance at Revenue meeting
  3. A review of the Revenue’s findings and how to best proceed with any challenges
  4. Negotiating settlements

Whatever your situation, our support and experience will ensure that you will get the best possible outcome.

Please call Athos Louca on 01622 758257 for a free no obligation consultation.

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We are registered as auditors and regulated for a range of investment business activities in the United Kingdom by the Association of Chartered Certified Accountants – the global body for professional accountants.


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