How far can a tax investigation go back?
If you are under a tax investigation from the HMRC you may be wondering how far back in your company accounts the HMRC can look into. There are a number of factors for HMRC to consider depending on the severity of any tax avoidance or tax evasion.
If the investigation is not as serious then HMRC can go back as far as 6 to 8 years in your accounts to find evidence of any tax fraud. In the most serious of tax investigations, HMRC could request the company accounts for up to 20 years. They will also look at overseas assets owned by who they are investigating as well. Penalties and fines will be issued if HMRC concludes that you have been negligent of any tax fraud.
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Contact Tax Advisory UK today and we will arrange a meeting with some of the UK’s most qualified and experienced Chartered Tax Advisors to help with your tax investigation enquiries. Please call 0203 965 3892.
