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Steps to Avoid Investigation by the Inland Revenue
Any company operating a PAYE scheme is also open to a PAYE review at any time, again there are circumstances which could highlight such a review i.e. late payment of PAYE, late submission of P35s and P11Ds and incorrect P35s. Linda Eales, Senior Tax Consultant Qdos Freelancer Tax Protection insurance will cover the cost of representation by a Qdos tax specialist in the event of a PAYE compliance visit and an IR35 status enquiry for just £99 per annum including IPT. Purchase Qdos Freelancer Tax Protection. Search for more Qdos Consulting News Posted 01/03/05 |
The Inland Revenue make a percentage of random investigations into companies, so there is always a risk of being investigated. However, there are certain circumstances that could highlight an investigation such as, trading insolvent, making illegal dividends, dividend waivers, over-drawn directors' loan accounts, changes in share holdings, paying high dividends and low salaries and also submitting returns late.