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Tax Investigation

Clearing up suspected income tax and VAT irregularities

A client who owns a popular cafe was being investigated for suspected income tax and VAT irregularities. After HMRC had reviewed the business books and records and met with the client, they put forward proposals for a significant increase in the taxable business profits, unjustified and were challenged. HMRC were adamant that the additions to the business profits were in their opinion correct and justified, based on the review of the business books and records.

After careful consideration a business economics (or parts to total) exercise was undertaken, where the goods purchased were equated to the meals sold. A far more realistic and justifiable sales figure came to light which after negotiation was accepted by HMRC. The resulting settlement was many thousands of pounds reduced from what it would have been if the original HMRC figures had been accepted.

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