Deliberate Understatement & Concealment
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Deliberate Understatement OF INCOME
CONCEEALMENT OF INCOME
DELIBERATE UNDERSTATMENT
Deliberate understatement and concealment is an attempt at tricking HMRC, and as a result, the consequences are extremely severe. If an individual or business is lucky enough to avoid criminal prosecution that could even lead to a custodial sentence, the fine levied by the government could be up to 200% of the missing tax due. All of these actions also constitute fraud and leave tax payer open to legal proceedings being opened against you.
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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
For various reasons, HMRC may decide to investigate your business to determine any tax payment or discrepancies.
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.
Avoiding tax is the deliberate arrangement of using legal methods to lower tax liability. Technically its Legal but may be fall into avoidance.
Every different form and band of tax see the application of a separate penalty for misconduct, usually in the form of a fine.
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