Criminal Fraud
Investigations

Tax Cheating Charge

Money attained through criminal proceeds, including inquiries of unexplained wealth, will fall under criminal fraud investigations.

Contact Our Specialist Tax Investigation Professionals

criminal fraud investigations

call us before its too late

HMRC used to have a dim view of tax evasion. Still, it is increasingly likely that any accusation of such as practice will result in an investigation and criminal tax investigations proceedings. These investigations must be taken extremely seriously, as they could lead to the arrest and business and personal assets being frozen. Meanwhile, the penalties of such accusations vary from fines to custodial prison sentences of varying lengths, depending on whether HMRC considers the tax evasion to be deliberate and willful and how cooperative the individual chooses to be during the investigation.

To avoid doubt, the following actions will be considered grounds for criminal tax investigations and prosecution of tax evasion.

  • Wealth is attained through criminal activities, including drugs, counterfeit goods.
  • Wilful misrepresentation of Tax or VAT Returns (including the declaration of income tax)
  • Deliberate neglect to file Tax or VAT Returns
  • The use of forged or incorrect documentation
  • Any form of deception or the concealing of data
  • Laundering of funds
  • Assisting any others in an attempt to evade tax (this also includes any legal representatives or accountancy firms, which is why it is essential always to seek help and advice from a reputable body)
  • Structuring Businesses under shell companies and offshore structures will come under criminal tax investigations and money laundering.

Let us take care of your business

Few ways to contact us

Get in Touch

Call us on
08001357323

Meet Online

Book an Online
Meeting

Visit Us

Visit Local
Tax Accountant

Switch Accountant

Call us on
08001357323

Who We Are ?

We Are Professional Accountants, Tax Advisors and Business Consultants

Our team consists of highly qualified accountants, Ex HMRC Tax Inspectors and industry known business consultants

HMRC Investigation

For various reasons, HMRC may decide to investigate your business to determine any tax payment or discrepancies.

Tax Evasion

Tax evasion is also referred to as tax fraud, which should indicate how seriously it is taken by HMRC. Call us if you are under Tax Evasion charge.

Tax Avoidance

Avoiding tax is the deliberate arrangement of using legal methods to lower tax liability. Technically its Legal but may be fall into avoidance.

Tax Penalties

Every different form and band of tax see the application of a separate penalty for misconduct, usually in the form of a fine.

Choose the best Personal Tax Accountant

If you are self-employed or have a small business, let our team of best accountants and tax advisors take care of your accounting and tax compliance 

FAQs

We have tried to answer some of the frequently asked questions for taxpayers, individuals and businesses. However, if you need any further help or explanation, give our team a call for free advice.

HM Revenue and Customs frequently conduct investigations in the UK. It is an authorized inquest on your history of tax payments, and the severity of the inquiry will be entirely case dependent. Probes for tax investigations can be due to multiple reasons, such as:
  • Late filing of your returns
  • Your income has fallen by a significant amount
  • Inconsistencies between different returns
  • Incorrect information is given
  • A tip-off that HMRC has received
  • The result of a random check
HMRC are very disinclined to reveal any details, so finding out and identifying why the tax inquiry is taking place could be vital in helping you deal with it more efficiently.
Every case is different during a tax investigation, and depending on the facts of the individual case, this will vary and determine the time scale. For example, in certain situations, the HMRC might want to acquire documents and information up to 20 years, but it also may be a lot less depending on case facts. HMRC investigations are not only expensive, but they are also very time-consuming. This may cause a lot of everyday issues for most people, especially if HMRC want to investigate a number of years. Therefore, the taxpayer needs to find a solution quickly to avoid unpleasantly and over calculated assessments.
If you are under investigation, you should check your books and records and find out if there have been any anomalies or mistakes, resulting in additional tax liability. No tax inquiry is straight forward as it seems. It may start from a simple compliance check and, if not appropriately addressed, can turn into a full investigation. You should talk to your accountant or advisor and include any losses that you haven’t declared for the past years. Remember, if you do not cooperate with HMRC, they have the authority to make the best judgment assessment, which can be more than the actual tax you owe.
Penalties are calculated on several factors and relevant to the year, which is under investigation. For example, a tax penalty can range from 35% to 200% of tax payable for deliberate conduct. It will also depend on your cooperation with HMRC to provide information and calculate untaxed income calculations.
It depends on the scope of inquiry or investigation and the type of letter you have received. For example, simple compliance checks can be finalised in one or two meetings, whereas investigations like Code of Practice 9 may take eight months to a year to finish. If proper records are not available, time spent to collect information will add up to the investigation time. 

Not answered above?

If you need advice regarding your personal circumstances, please call our office or book an online appointment.

We are leading network of qualified accountants, tax advisors and specialist business consultants in United Kingdom

We pride ourselves as one of the emerging online accountancy and tax firms for individuals and small businesses in the United Kingdom

Get a appointment with our Expert

You can easily set appointment with one of our accountants for general questions.
Book an appointment

What our clients say

Hello world!

Welcome to WordPress. This is your first post. Edit or delete it, then start writing!