HMRC Enquiry Letter Advice Nottingham
Keith Willis Associates are chartered accountants, offering advice and support with a wide range of accounting and taxation services for individuals and businesses – covering across Nottingham and the East Midlands.
Our team are very knowledgeable when it comes to enquiry letters from HMRC. If you have recently received a letter from HMRC, and don’t understand what you need to do, our team is here to help.
We can go through the enquiry letter with you, and ensure you fully understand what HMRC are looking for. We can then help you manage and resolve any actions you need to take.
Our specialist accountancy services include Tax Services, Self Assessment, Business Planning, and a wide range of other accounting services.
What is an HMRC Enquiry Letter?
An HMRC enquiry letter is a letter sent from HMRC (either to an individual or a business) regarding an issue with their tax. They are also commonly known as a ‘HMRC Tax Discovery Assessment’.
Usually, these letters are sent if HMRC believes that you have not paid your tax, or if you have not paid enough tax.
The letters typically either ask you to provide additional information, check that you have reported your financial information accurately, or urge you to promptly pay the remaining tax that you owe.
One of the most common reasons why an HMRC enquiry letter is sent is regarding paying tax on rental properties, or paying tax on undeclared income. But, they can cover a range of different tax-related concerns.
What should you do if you receive an HMRC Enquiry Letter?
If you receive an HMRC Enquiry Letter, then you will need to act on it as soon as possible.
If you receive this letter, we highly recommend that you contact our team.
You should enlist a professional accountant to help you deal with an HMRC Enquiry Letter because:
It is critical that you act on these letters urgently. If you delay responding to the letter or making the required payment, then you risk incurring fines or other serious consequences for your business, potentially even including legal action.
These letters are often difficult to understand. They can contain a fair amount of financial jargon, and (if you don’t come from a finance background), it’s likely that you’ll find it difficult to understand the relevance of these extra costs to your business. Or, if you need to send any documentation or clarification, then it’s critical that this is completely accurate and provided without delay.
You should also check the accuracy of the requests. If you are being asked to make an extra tax payment, then you should double-check that HMRC’s calculations are accurate (and that you aren’t incurring an unnecessary cost). But, this will need to be undertaken and determined as quickly as possible, in order to avoid any of the risks outlined above.
If you receive this letter, after you contact Keith Willis Associates, our team will guide you through the reasons for the letter, and its requirements. We will then gather all the necessary documents, send an accurate and complete response, then make the payment (if necessary) within the deadline.
What not to do if you receive an HMRC Enquiry Letter:
Do not ignore it or delay your response – you need to act on an HMRC Enquiry Letter urgently.
Send false or inaccurate information – this can lead to further complications, and harsher penalties.
Fail to provide any of the required information – it is key that you are able to provide all the information required (if you are struggling, this is where a professional accountancy can help).
Dispose any of the letter or other documents – you need to keep this letter, and proof of your responses or any payments, for your business records.
With our team supporting you, you can ensure that the process is completed quickly, with full accuracy, and that any further issues or complications are prevented.
If you have any further questions about HMRC Enquiry Letters, or if you have received this letter and would like the assistance of our team, contact us today.
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HMRC Enquiry - Quotation given following consultation.
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