Code of Practice 8 (COP8) and Code of Practice 9 (COP 9) tax investigations

In the past months and years we have been contacted by numerous new clients and accounting firms in relation to advice and representation on Code of Practice 8 or Code of Practice 9 (Contractual Disclotax investigations. COP 8 and COP 9 tax … Continue reading

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HMRC issues warning for holders of offshore accounts and assets – Deadline for voluntary tax disclosures 30 September 2018

HMRC have issued a stern warning to UK taxpayers who have not declared any offshore income, assets or bank accounts. Currently there are disclosure options available under the Worldwide Disclosure Facility (WDF). This facility will finish on 30 September 2018 … Continue reading

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Large VAT and Corporation Tax Investigation Closed

This case came to us from an accounting firm in London. After the client received the tax investigation letter from HMRC, their accountants absconded and closed their offices and stopped taking any calls or letters! The client was ultimately referred … Continue reading

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Tax fraudster and benefits cheat jailed

Keiran Farrer, 39, has been jailed for four and half years for tax evasion including VAT fraud of £280,000 and benefits cheating. Mr. Farrer had set up fraudulent business through which he stole VAT and used it to pay for … Continue reading

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Cyclops Electronics UT/2016/0193

The Upper Tribunal has decided in favour of HMRC in relation to the multi-million pound tax avoidance scheme promoted by Cyclops Electronics and Graceland Fixing and used by over a hundred other businesses. In summary the businesses involved in the … Continue reading

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Free Webinar on Tax Investigations 28 March 1pm

After our successful seminar on 28 February 2018 at Doubletree Hilton, Holborn, London, we have been requested by a large number of candidates to host regular webinars in relation to tax investigations and various technical tax issues. Our first webinar … Continue reading

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Security company boss jailed for tax fraud of £500,000

Jonathan Benjamin Schofield, 32, a boss of a security company, has been jailed for three years after being involved in tax fraud of almost £500,000. He cheated the HMRC by underpaying VAT, income tax and national insurance. During the tax … Continue reading

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Mechanic jailed after tax investigation for £208k tax fraud

Ian Wilson, 61, was sentenced in January 2018 to eighteen months in prison for tax evasion including underpaying his tax and national insurance by understating his actual income. Cash of £110,000 was discovered at his home when HMRC raided him. … Continue reading

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Serious tax investigation closed

This case was referred to us from another accounting firm in London. The client had been under enquiry for some time for undeclared income relating to the main business. HMRC’s focus was that the business had undeclared sales and that … Continue reading

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Lunar Missions Ltd [2018] TC 06286

The First Tier Tribunal has decided that value added tax was due on crowdfunding payments at the time the main company issued single purpose face value tenders/ vouchers to the financial backers involved in the arrangement.