Corporate Tax Compliance Check
Staying compliant with corporate tax regulations is complicated! It is a difficult part of running your business, no matter the size. Non-compliance can lead to penalties, increased scrutiny from HMRC, and unnecessary financial strain.
Regardless of how you manage your business affairs, HMRC may conduct a compliance check to ensure full compliance.
What is a Compliance Check?
A compliance check is an official review conducted by HMRC to ensure that your business tax affairs are in order.
The purpose of this check is to confirm that your company has correctly declared and paid the required amount of tax, including corporation tax, VAT, and any other relevant taxes, in line with current financial legislation. It ensures your tax filings are accurate and in accordance with HMRC’s requirements.
HMRC can initiate a compliance check for many reasons – it can be a routine check, or HMRC may even want to see additional evidence following a tax return declaration (for example, a large tax refund request) to check whether your business is fully compliant. Compliance checks can cover:
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Corporation Tax
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VAT returns
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And other tax-related matters
Preparing for a Compliance Check
During a corporate tax compliance check, HMRC will review various financial elements of your business. Preparation is key to ensuring a smooth process – you may need to prepare several documents, including:
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Your company’s tax returns and accounts
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Corporation tax payments
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VAT returns and payments
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PAYE and National Insurance contributions
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Any claims for tax reliefs or allowances
Our team can help you organise and, in some cases, prepare these documents, ensuring that you meet all necessary requirements.
Our Services
Our comprehensive compliance check assistance service can help ensure that whenever your company faces a compliance check, you can still achieve a satisfactory resolution.
Additionally, our experienced team of tax professionals will work closely with you to assess your corporate tax situation, identify potential risks, and implement effective tax strategies to keep your business financially sound and fully compliant for the future.
Our expert accountants can step in and liaise with HMRC on your behalf, and comply with any investigatory requirements.
This process is often lengthy and complex, requiring technical expertise to achieve the best possible outcome for your business.
Why Choose TB Accountants?
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Regulatory Compliance – We can help businesses comply with compliance checks and navigate complex tax regulations.
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Risk Mitigation – We can proactively identify and rectify potential tax problems before they become an issue.
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Expert Support – We offer professional advice on how to manage requests from HMRC.
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Ongoing Monitoring – We can provide regular compliance reviews to keep your business tax affairs in order.
With our expertise, you can feel confident that your corporate tax affairs are being handled professionally.
Use our Contact form to get in touch with us for more information.
Success Stories
Client B: The expert tax advice from TB Accountants resulted in significant tax savings for our business.
Client A
Client E
Client C: The audit services from TB Accountants ensured our compliance with regulations and improved our financial transparency.
Client B
Client F
Client D: TB Accountants' consulting services provided us with strategic insights that boosted our business performance.
Client C
Client G