Tax avoidance can be defined as the legal restructuring of your tax affairs to reduce your tax liability. However, when HMRC comes across a tax avoidance scheme, they strive to close it down and reclaim any lost tax.
Code of Practice 8 tax investigations are opened to investigate serious tax avoidance schemes were sums in excess of £500,000 are involved. Although, at the outset of the investigation there is no allegation of tax fraud, things have a habit of spiraling out of control, and you could find yourself embroiled in a tax evasion investigation which can result in a criminal prosecution.
Call our tax investigation experts NOW if you have received a HMRC COP 8 investigation letter.
COP8 investigations do not follow the standardised formality of Civil Investigation of Fraud investigations undertaken under COP9. You will need our tax investigation advisor who has a specialist knowledge of HMRC powers and is used to dealing with intrusive, awkward, questions from experienced, bullying, tax inspectors who will not take no for an answer.
Senior HMRC tax inspectors are well-informed, technically expert and tenacious. If they are interested in you or your client the matter should be taken seriously and our expert help is advisable.
Without exception, when the taxman comes knocking, he wants to recover tax and VAT. In serious cases, we have saved individuals and companies literally tens of thousands of pounds - a fraction of the fees that we charge.
Contact us TODAY for some friendly, helpful advice.
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