I Was Investigated by the UK Tax Authority

Disclaimer - this video is a) quite long & b) not very funny. The reasons for this is that HMRC (the UK version of the US IRS) are not at all fun. When I heard in June 2017 that they wanted to do a random investigation of my limited company (through which I run my modelling business) I was a bit worried and stressed about the extra work and expense it might involve. But what followed was a far more drawn out, inefficient and unprofessional experience than I'd ever have predicted. I decided to go through the entire experience in this video, including things that I've learned to help you, so that if you run your own business (as a sole trader or limited company) or have just been notified that you're being investigated, you might be a little less in the dark than I was. As soon as I discovered I was under investigation, I searched Google to find out what I should expect. What I found was mostly a bunch of conspiracy theories, urban myths and scare stories. This, 100% honest, detailed break down of the investigation process (which resulted in 'No Adjustments' which meant that HMRC completely accepted the honesty of my accounts) might give you some insight into how best to make your business investigation-proof. If you're going through an investigation yourself and are in need of support, you can contact me on [email protected] Obviously, I'm no substitute for expert financial advice, but since my accountant had never had a client investigated, he wasn't able to help me much because he had no idea what to expect either. And sometimes, only talking to someone who's been through a situation can help.