Back Duty Cases

Butt & Co provide back duty services. We specialise in dealing with HM inspector of taxes in respect to back duty cases. We have dealt with many inland revenue investigations and inquiries over the last 30 years.

The income tax authorities may have reason to suspect that an individual subject to tax has not made a complete or accurate return of income. The relevant tax authorities will investigate further to determine their correct position. This investigation process is called a back duty investigation. The person in question is then required to appoint their own approved accountant to carry out the back duty investigation.

All information must be used during the investigation such as bank statements, deposit receipts, insurance policies, interest and dividends. Important points to note are; the time period in question, cash flow available for living compared with the tax payers actual standard of living, capital owned and sources of income. The result of the investigation will involve payment of tax on any undeclared income, a small fine and in very rare cases prison sentence.

For help with your back duty audit and tax assessment call our investigation team today on 0208 553 3504 or complete the contact form with your details for a fast and free quotation.