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 readingTags: Code of practice 8, code of practice 9 cop 9, contractual discloure facility, cop 8
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 readingTags: voluntary disclosure, voluntary tax disclosure, world wide disclosure facility
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 readingTags: HMRC visit, tax investigation, VAT investigation
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 readingTags: tax investigation, tax tribunal
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 readingTags: tax enquiry, tax investigation, VAT inspection
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 readingTags: code of practice 9, tax enquiry, tax investigation
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 readingTags: tax enquiry, tax investigation, VAT inspection
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.