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Where Taxpayers and Advisers Meet

Why so few questions in this section?

snettergal
Posts: 9
Joined: Wed Aug 06, 2008 3:14 pm

Postby snettergal » Sun May 08, 2005 4:29 am

I notice how few questions there are in this section. Surely if investigations were so rife there would be more questions?

Reading between the lines on the I.R pages,they deliberately foster a degree of paranoia to further their cause. This seem to be bourne out by the need to insure " meticulous + clean nosed" clients against investigation.From a business point of view this is no doubt expedient.

However what is the actual risk?

Before the very useful advisers herein reply with various horror stories I would like them to add a little overall perspectitive.We could all be hit by lightning but you're more likely to get a shock off the toaster. Just want to objectively assess risk.
Thanks

Instinctive
Posts: 1797
Joined: Wed Aug 06, 2008 3:15 pm

Postby Instinctive » Sun May 08, 2005 8:23 am

Most of the investigations these days are targeted where they are likely to get better results. I would say investigations are fewer but more focused and productive. If you don't engage in dubious practices, you are not at much of a risk to be picked.

Ramnik

deanshepherd
Posts: 1019
Joined: Wed Aug 06, 2008 3:23 pm

Postby deanshepherd » Mon May 09, 2005 3:01 am

In the past two years I have dealt with more Inland Revenue enquiries than I have in the previous 10 years.

The enquiries are more focused on particular areas of the tax returns or maybe particular types of expenses included in the self-employment pages.

A lot of the enquiries are opened randomly so even very low-risk clients are being investigated.

If you are playing the numbers game then I would suggest around 2% of my clients are subject to some form of enquiry each year.

Dean Shepherd
dean@mmi-online.co.uk
www.mmi-online.co.uk


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