...

Code of Practice 8 Investigation

HMRC Suspects Tax Evasion

COP8 Investigations start when HMRC have a tip-off and suspicion of tax avoidance. It would be best if you talked to us before you reply to HMRC as it may have serious consequences

Allah is Gentle on His servants. He provides sustenance for whomsoever He wills, and He is the Omnipotent, the All Mighty.

Get Professional Help for Your Business

Specialist Code of Practice 8 Investigation Accountants

WHEN HMRC SUSPECTS
TAX AVOIDANCE

There are several tax avoidance schemes that an individual can be held accountable for, relating to several different taxation sections. Share Loss Relief Schemes, Employee Benefit Trusts, Stamp Duty Schemes, Film Partnership Schemes, Pension Schemes, and Inheritance Tax Schemes all fall under the bracket of tax avoidance as well as subsections associated with the various schemes. HMRC’s anti-avoidance group will attempt to close any loopholes being used to exploit tax avoidance, dependent on which type of scheme is being used. There are many serious repercussions to any individual found using a tax avoidance scheme. Being found guilty of participating in a tax avoidance scheme can potentially lead to criminal prosecution and serving a prison sentence. With the complexities surrounding tax avoidance and the process of the Code of Practice 8 Investigation, let our professional tax accountant examine your returns or offer advice from the earliest opportunity.

Let us take care of your business

Few ways to contact us

Get in Touch

Call us on
08001357323

Meet online - Tax Accountant

Meet Online

Book an Online
Meeting

Meet your local accountant - tax Accountant

Visit Us

Visit Local
Tax Accountant

Switch Accountant now - Tax Accountant

Switch Accountant

Call us on
08001357323

Abuot Us Tax Accountant

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

Personal Tax Services

Trust our tax experts to save you time, money, and hassle on your personal taxes. Call us to discuss your perosnal tax planning.

Business Tax Services

As business do not miss out on the opportunity of claiming certain reliefs and tax planning. Call us for business tax advice.

Specialist Tax Services

Our tax advisors have the experience, skills and expertise to handle complex tax matters and tax investigations

Tax Appeal Services

Our tax expertsprovide authoritative guidance and advocacy in appealing unfair or inaccurate tax assessments.

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 are here to help you with any questions you may have

A Code of Practice 8 (COP 8) investigation is the HM Revenue & Customs (HMRC) process for formally investigating suspected serious tax fraud and evasion. Where HMRC has reasonable grounds to suspect a taxpayer may have engaged in deliberate and concealed cheating of the tax system, they can launch a criminal investigation under COP 8 to establish if an offence has been committed.

HMRC may investigate taxpayers for COP 8 if they suspect deliberate attempts to evade taxes. This includes significant unexplained wealth, offshore bank accounts, contrived tax avoidance schemes, poor accounting records, whistleblowers, and repeated non-compliance.

The COP 8 investigation process involves several stages, including initial suspicion, notification to the taxpayer, evidence gathering, interviews under caution, and a case review. If the evidence supports it, the FIS may recommend prosecution, leading to a trial and penalties if the taxpayer is found guilty. It’s important to note that the taxpayer is formally interviewed under caution during the interviews and should be aware that silence can be used against them. Sometimes, the taxpayer may settle by admitting to the fraud and repaying all taxes owed.

The duration of a COP 8 investigation can vary substantially depending on the offences and complexity involved. Some relatively simple cases may conclude in around a year. However, where multiple connected parties are under investigation, extensive documentation to gather and review, large sums offshore, and delays agreeing on prosecution or settlement, the process often takes several years from initial suspicion to the outcome. The timeframe also depends on current workload levels within HMRC’s Fraud Investigation Service. Resource constraints have occasionally delayed the progression of some COP 8 cases.

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

Property Upgrades: Repairs vs Improvements

Property Upgrades: Repairs vs Improvements

As any landlord knows, maintaining and enhancing rental properties comes with the territory. From minor fixes to full-scale renovations, the work always continues. But what

The Spring 2024 Budget Review

The Spring 2024 Budget Review

As tax professionals, it is our duty to provide our clients with a comprehensive and unbiased analysis of the Spring 2024 Budget, delivered by the