News – 30.01.25
Navigating UK requirements and workplace equity – Gender Pay Gap reporting in the spotlight
The annual Gender Pay Gap reporting deadline is approaching fast; employers in the UK with a headcount of 250 … Read more
Insight – 29.01.25
Scaling smarter: What makes tech valuations different from more traditional industries?
The tech sector is known for high-value companies with more volatile share prices than traditional sectors. But why do these companies stand out so much? … Read more
Upcoming event – 06.02.25
VAT and tax for academies
Led by our specialist charity VAT and tax teams, the session will provide the latest updates on VAT and tax developments specifically tailored for academies. … Read more
Find us quickly
130 Wood Street, London, EC2V 6DL
enquiries@buzzacott.co.uk T +44 (0)20 7556 1200
Get specialist tax investigation help today: +44 (0)20 7710 3389
In certain cases, HMRC has the right to issue Discovery Tax Assessments for the previous 20 years. While the Section 29(1) TMA 1970 Discovery powers are broad, they do have limitations. One should always be alive to challenging the validity of a Discovery Tax Assessment by way of an appeal. Clients/advisers should ask themselves a number of questions:
If the answer is “No” to any of the above then the Discovery Tax Assessment is not valid.
In certain cases, HMRC has the right to issue Discovery Tax Assessments for the previous 20 years. While the Section 29(1) TMA 1970 Discovery powers are broad, they do have limitations. One should always be alive to challenging the validity of a Discovery Tax Assessment by way of an appeal. Clients/advisers should ask themselves a number of questions:
If the answer is “No” to any of the above then the Discovery Tax Assessment is not valid.
We have a proven track record in managing Discovery Tax Assessments to minimise a client’s exposure. As part of our service we review any Discovery Tax Assessment and present you with all available options and what the consequences of taking each option will be. Where appropriate, we will tell you how best to challenge any Discovery Tax Assessment. Should there be any exposure we will protect you from any unnecessary tax, interest and penalty, thus minimising HMRC publishing details about you on its ‘Tax Defaulters’ website. In the most serious of cases, our involvement has prevented our clients from being criminally investigated or, worse still, prosecuted.
Putting it simply, we provide a discreet and comprehensive service that is tailored to meet your unique needs and protect your interests.
Mark and Barbara's team helped me when no one else wanted to know, they met with HMRC on my behalf and managed to reason with them when they were in the wrong. I cannot recommend these guys enough.
Client
Call us today on +44 (0)20 7710 3389 or fill in the form below and a member of our team will be in touch. All communications are in the strictest confidence.
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