HMRC Code of Practice 8 (COP8)
Facing an HMRC investigation conducted under COP8 can be a challenging and daunting experience. The complex nature of such investigations requires a thorough understanding of COP8 procedures and the ability…
What do you do if you get a COP9 letter from HMRC
Receiving a COP9 letter from HMRC is a significant event that should never be ignored or taken lightly. It indicates that HMRC has suspicions of tax fraud and intends to…
Difference between Cop 8 and Cop 9 HMRC Investigation
COP 8 and COP 9 are specific investigation procedures employed by (HMRC) in the UK, both designed to address suspected tax fraud cases. Investigations can vary significantly based on their…
Freezing Order – An In-Depth Guide
In the complex realm of asset freezing, making the right choices and taking swift action is crucial. By securing the services of a strong, proactive legal representative and employing a…
Employer financed retirement benefit schemes (EFRBS)
Employer-Financed Retirement Benefits Schemes (EFRBS) are unapproved pension schemes that provide retirement benefits to employees but do not offer the same tax advantages as conventional occupational pension schemes. These schemes…
What are the penalties for tax evasion
Tax evasion is a serious offense in the United Kingdom, and the penalties associated with it are designed to deter individuals and businesses from engaging in such illicit activities. The…
Tax avoidance v tax evasion
Tax evasion and tax avoidance are two distinct concepts related to the nonpayment or reduction of taxes, but they differ in terms of legality and intent. Tax evasion involves illegal…
Code Of Practice 9 (COP9) Tax Investigations
HMRC’s Code of Practice 9 (COP9) procedure comes into play when HMRC suspects or an individual voluntarily discloses that their deliberate action or inaction has led to an insufficient amount…