Code of Practice 9
Investigations

Delibrate Tax Evasion

If you receive a Code of Practice 9 letter and contract, it is absolutely imperative that you seek professional advice immediately – the consequences could be extremely dire if you fail to do so.

Contact Our Specialist Tax Investigation Professionals

Unmasking the Truth

Into the Heart of Shadows
Intricacies of COP9 Investigation

Any investigations that are instigated under Code of Practice 9 can result in a criminal accusation and must be taken extremely seriously. If an individual or business is suspected of criminal fraud they will receive a letter and offer of a Code of Practice 9 contract from HMRC, which must be replied to within sixty days.

The recipient can sign the enclosed contract and accept that deliberate and wilful acts of misconduct have resulted in a loss of tax payments, or this contract can be rejected. If this is the course of action settled upon, HMRC will launch a full, forensic investigation that could either be a civil matter or cause for criminal investigation. If HMRC does not receive a response within the sixty-day time limit that they impose, they will assume that the individual or business has rejected the CDF and begin the necessary proceedings.

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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.

What does a Tax Investigation entail, and what could be the reason I am under investigation?

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.

Over what length of time HMRC can go back and Investigate my tax affairs?

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.

What amount of tax do I have to pay if I am under investigation?

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.

How much in penalties I have to pay on underpaid tax for past years?

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.

How long can I expect a tax investigation to last?

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.

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May 26, 2021 7:37 pm

Code of Practice 9 Investigations

Delibrate Tax Evasion

Contact Our Specialist Tax Investigation Professionals

Unmasking the Truth

Into the Heart of Shadows Intricacies of COP9 Investigation

Few ways to contact us

We Are Professional Accountants, Tax Advisors and Business Consultants

What we do

How can we help

FAQs

Not answered above?

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

Get a appointment with our Expert

What our clients say

Contact us today to make an appointment

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Landmark, 3 Brindley Place Birmingham B1 2JB

Email: info@taxaccountant.co.uk

Phone: + 44 800 135 7323

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Code of Practice 9
Investigations

Into the Heart of Shadows
Intricacies of COP9 Investigation

Landmark, 3 Brindley Place
Birmingham B1 2JB