If SI (Special Investigations) has sent you notice that it is launching an investigation of suspected tax fraud into your affairs, you need some serious help.
The fraud investigation will follow Code of Practice 9 procedures. With COP9, HMRC is offering you a Contractual Disclosure Facility (“CDF”). In essence, if you agree to fully cooperate with the investigation, HMRC will not pursue a criminal investigation against you.
Investigations carried out under the COP9 Contractual Disclosure Facility procedure are very, very serious. HMRC gives the following advice to (non) tax payers
'You are strongly advised to seek independent professional advice. If you already have an appointed adviser you should contact them immediately. However, many people find it helpful to appoint a specialist tax adviser who is familiar with this Code, in addition to their regular adviser.'
Complying with a Cop 9 fraud investigation involves
Providing the above will stop a criminal prosecution into the tax evasion. Also the penalties imposed will be less severe (due to your cooperation.
Non-cooperation will lead to severe penalties ( up to 200% when offshore accounts are involved) and a possible criminal prosecution.
You will need an experienced professional adviser to resolve this investigation and limit the damage it will do to you health, assets and finances
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.
HMRC tax evasion investigations are not something that can be dealt with on your own. Give yourself the best possible chance of a fair settlement and call us the moment you receive a tax evasion investigation letter from HMRC
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