COP9, otherwise known as Code of Practice 9 is a HMRC Investigation, which is opened when the HMRC suspect a big loss of VAT / Tax through fraudulent taxpayer behavior. If a COP9 investigation is opened, you would be issued with a CDF, also known as a Contractual Disclosure Facility offer. You are allowed up to 60 […]
It can be stressful knowing that you owe HMRC money and worrisome when you receive that tell-tale brown envelope through your door. However, HMRC Tax Disclosure Schemes and systems are in place to help you bring your tax affairs up to date. If you know that you owe taxes but aren’t sure of the right […]
Working as a contractor is a stressful job that requires excellent time-management and people skills. From very basic self-employed service contractors to complex business deployment including employing the right staff and scheduling their tasks to ensuring that the appropriate materials have been ordered and distributed to the correct place, it’s a juggling act that relies on […]
In recent years, HMRC has been actively engaged in hunting down and plugging the “loopholes” on many tax avoidance schemes. They are particularly interested in Employee Benefit Trusts (EBTs) because there appear to be trusts, which have either not been set up properly, in accordance with regulations and guidelines, and some that are being used […]
While the NHS as a whole seems to be in turmoil, the system in place for taxing agency doctors and consultants is similarly up in the air. Only last month- May 2017- the NHS made a U-turn on its plans to change how locum doctors are taxed, through changes being put in place to tackle […]
Contractor loan schemes are a relatively new form of tax avoidance. While the exact details that you’re told by whoever is offering you the scheme may change, and the exact level of risk can vary between fairly safe and extremely aggressive, HMRC is doing their best to recover every penny of the tax that they […]
