Why Making A Tax Disclosure Could Prove Best For Your Business. Whether you’ve recently discovered errors in your tax returns or have made the mistake of withholding information from HMRC, there’s no need to panic when it comes to disclosing new information about your taxes. In fact, as we covered recently, if you know that … Continue reading 5 Reasons You Should Make a Disclosure To HMRC
‘I’ve received a COP9 in the post – What do I do?’ One of the biggest fears a business owner faces during a tax investigation is whether or not they are going to prison. It’s a question we hear almost daily: ‘If I’m being investigated, and HMRC think I’ve committed fraud or tax evasion, they … Continue reading COP9 Help: What is HMRC’s COP9 and what does it means for your business?
When does an HMRC investigation turn into a criminal investigation? It’s a question we’re asked every day: ‘Can HMRC send me to prison?’ Even if you’ve never pondered the question yourself, if you’re a business owner or self-employed, chances are you’re familiar with receiving some kind of document from HMRC – as well as the … Continue reading Can HMRC Prosecute?
What to do if your business is inspected by HMRC. VAT: If you’re running a business or work as a sole-trader, these three simple letters can become a bit of a headache from time to time. But whether it’s keeping on top of your records or ensuring your paying the right amount of tax, nothing … Continue reading Worried about a VAT Inspection?
The best laid plans of mice and men… ...how does that saying end again? It’s got something to do with things not going to plan, right? Well, as a business owner or sole-trader, you probably know full well: when things don’t go to plan, getting yourself back on track can end up taking a lot … Continue reading How long will an HMRC tax investigation take?
And why it pays to face facts about your tax records. Time is money; it might be one of the oldest clichés in the book, but when it comes to your business, it’s a cliché for a reason. And if you’re facing a tax investigation or have just received an enquiry notice from HMRC, there … Continue reading How far back can an HMRC Tax Investigation go?
So you want to get down to the nitty-gritty of a tax investigation? Maybe you’re in the middle of an HMRC enquiry at the moment. Maybe you’ve just received your first notice of an upcoming investigation. Maybe you’ve been reading our previous posts and, as we always suggest, you’re getting yourself prepared. But one question … Continue reading What is Schedule 36? Understanding HMRC’s information powers during a tax investigation.