Tag: COP9

COP9 Investigations
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COP9 HMRC Tax Investigation – An Accountants Approach

For COP9 Investigations, we always advise taxpayer to hire an experienced accountant or get help when submitting CFD. HMRC procedures can be confusing for the inexperienced and will require expert help. A long drawn investigation can lead to higher penalties, which makes hiring an professional cost effective.

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 VAT Inspections
HMRC

HMRC VAT Inspections of Restaurants and Takeaways

Be aware that HMRC may visit anonymously prior to the visit and make purchases that they will later ask you to match up with the receipts from your cash machine. A technique sometimes used is to pay half cash and half credit card, they will later check that both cash and card have been recorded.

Accountants for Internet Traders
HMRC

Accountants for Internet Traders – How we can help

If you are unsure of your status and obligations, The Accountancy Solutions can help. We will assist you in identifying what you need to declare in order to avoid the possibility of a hefty fine or investigation onto your business.

Contractors EBT Tax Avoidance
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HMRC hunt for contractors EBT tax avoidance : Accountants Approach

For years the Government and HMRC have tried to curtail the actions and processes of EBTs only to create more complex legislation. In recent years attempts have been made to clarify and simplify procedures for the operation of EBTs culminating in elements of the 2016 Finance Bill.

HMRC Campaigns Tax Evasion Rental Income
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HMRC Campaign for Tax Evasion of Rental Income

According to HMRC, the point of the campaign is ‘to help those that are not paying the correct amount to put that right’. They describe this campaign as ‘an opportunity for landlords who owe tax through letting out residential property, in the UK or abroad, to get up to date with their tax affairs in a simple, straightforward way and take advantage of the best possible terms.’

HMRC Common Reporting Standard
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HMRC Common Reporting Standard – An Accountant’s View

This new idea for a global model of automatic information exchange was endorsed by G20 leaders in 2014. To date, over 100 countries have given their public support to CRS, many of whom have also chosen to become early-adopters of the processes.

Why HMRC Tax Investigation start
HMRC

Why HMRC Tax Investigation start

If the HMRC feels like there could be inconsistencies, or it’s merely looking to ensure that its records are correct, then it could mean that any number of businesses could be subjected to a tax enquiry.