Tag: COP8

self assessment tax investigation
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TAX INVESTIGATION

HMRC has been granted the power to dig deeper into your private life and your business matters than you may be happy with. To tell the truth, with the new powers granted to them, the inspector assigned to you will seem to be treating the taxpayer in ways that border on invasive.

HMRC Tax Disclosure Schemes Digital Disclosure Service
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HMRC Tax Disclosure Schemes | How to Make most of them

The Digital Disclosure Service (DDS) is a service by HMRC that assists companies and individuals in bringing their tax affairs up to date in a straightforward way. If you owe tax, you will need to declare it straight away, after which you will be given time to explain exactly what it is that you owe, how did you arrived at this tax amount and pay the money.

Accountants for contractors
HMRC

Accountants for contractors – How we can help

We as accountants for contractors can help you to maintain your accounts, adhere to policies and help you to get a good picture of your finances. We can also help you file tax returns and respond to any queries from HMRC, taking a weight off your shoulders.

HMRC Fraud Investigation Service
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HMRC Fraud Investigation Service – Code of Practice 8

If you are found to have done nothing wrong, you will be informed that the investigation has been completed and no further action will be taken. You may be susceptible for repeat investigations in subsequent years if further suspicious tax data is received.

Contractor Tax Avoidance
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Contractor Tax Avoidance

Any company or individual who sets up a tax avoidance scheme has to obtain a DOTAS, which is a disclosure of tax avoidance scheme. In recent years, the HMRC have been increasing their investigations on any schemes registered via the DOTAS system. The HMRC claim that they win a vast majority of all contractor tax avoidance cases in court.