HMRC doesn’t publish a big list of behaviours it’s looking out for because, obviously, it doesn’t want to give would-be evaders ideas for disguising what they’re up to.
There are certain red flags but anything that seems out of step with the norm for your sector or region will prompt further scrutiny.
Read our article to see whether HMRC might come knocking on your door.
Even if an investigation finds that your tax returns are complete and accurate, the process can be expensive, time consuming and stressful. They can roll on for months or even more than a year, and cost thousands of pounds in professional fees.
We have tax insurance packages available to help cover the cost of unexpected and prolonged investigations, which can help soften the blow. Please contact us for a quote.