How Long Does It Take To Complete A Tax Investigation?
September 16, 2022 ⚊ 1 Min read ⚊ Views 117 ⚊ BLOG
If you do not pay your taxes on time, there is a serious error in your tax returns that has to be corrected, or you are engaging in tax avoidance and evasion, HMRC may launch an inquiry. These factors may prompt HMRC to investigate an individual’s or a company’s tax affairs further. In general, HMRC conducts it as part of its overall effort to reduce tax evasion. With several departments, hundreds of distinct cases, and the scope and number of paperwork involved, it can be impossible to determine how long a tax investigation takes. Before we get into the meat of the matter, what exactly is a tax investigation?
Tags: Accountants in London
