Tax enquiries in Grantham

Receiving a tax enquiry from HMRC can be worrying, but our Grantham accountants are here to support you every step of the way. To give our clients peace of mind, we offer comprehensive tax fee protection insurance, allowing us to manage the enquiry on your behalf for a modest annual cost.

A tax enquiry is carried out by HMRC to check that the information submitted on a tax return is accurate and complete. This may involve written questions, meetings and a detailed review of your financial records. HMRC has the authority to open an enquiry into any tax return, so even fully compliant individuals and businesses can be selected.

Because enquiries can occur at any time, it is essential to retain the records used to prepare your tax return until HMRC’s enquiry window has passed. Failure to keep adequate records can result in penalties of up to £3,000, depending on the circumstances.

Tax enquiries can be expensive and unpredictable, which is why they are not included as standard within annual accountancy fees. To protect our Grantham clients from unexpected costs, we partner with Croner Taxwise to provide Tax Fee Protection Insurance.

This insurance covers our professional fees if your tax affairs are investigated, meaning we will deal directly with HMRC on your behalf without additional charges from us. For a small annual premium, you gain reassurance that your enquiry will be handled professionally, efficiently and without financial worry.