COP 9 TAX INVESTIGATION

Contractual Disclosure CDF

Tax Payment Planning

HMRC Negotiation

HMRC Penalties

Your business can be much more

profitable!

Contact us for advice and free quote

Specialist COP9 Accountants

WHEN HMRC have evidence

When the HMRC suspects an individual of tax fraud they begin an investigation using the Code of Practice 9 (COP9) procedure to follow out and advance their enquiries. The COP9 is offered to those where HMRC have reason to believe that a tax evasion or fraud is committed. The COP9 is only given to an individual in certain cases where, up to that date, no criminal proceedings have been brought against taxpayer. At the point when the COP9 is issued, HMRC have evidence of tax evasion and its not speculative. It is highly advisable to use a professional tax accountant to represent the case. During all COP9 investigations the normal payment of tax is continued and it is advised that any arrears that are present with a person’s tax are brought up to date as not to incur penalties on the interest that is due. Call our specialist tax accountants to discuss your tax investigation.

FAQ

We Are Here To Help You With Any Questions You May Have

Normal accounting is focused on reporting profit or loss of the business and will be governed by GAAP. But Tax accounting is majorly focused on the impact of transactions on tax liability. 

Every business including sole traders, partnerships, limited companies and large business will plan for their taxes and make amendments to financial statements and include any past or future tax liabilities through tax accounting entries. 

Tax accounting enables and empowers business to comply with tax law and prepare for any future tax liability. Tax Accounting is part of accounting which will be governed by the laws of taxes in that jurisdiction.

Apart from tax compliance, tax accounting will help you generate cash flow in real terms. Any future tax liability will be added to cash flow of business in order to save money for future tax payments. 

HMRC have published guidance to record income and expenditure on cash basis or accrual basis. They will accept any tax planning which is part of final accounts and is not tax avoidance. 

No tax accountant is not more expensive then a normal accountant. We have specialist knowledge and experience to minimise your tax bills. 

There is not much difference in the costs. Most of tax accountants will charge for advice and tax planning. Whereas accounting will be the same for every business. The difference is to include tax planning in accounts. 

Your accountant may have included some normal tax provisions. If not you may be able to make adjustments in your current financial year. If you are loosing any tax reliefs, you may need to amend accounts and resubmit to HMRC and companies house

SWITCH YOUR ACCOUNTANT NOW

Low Cost Accountant

Is your Accountant Charging heavy fees. Call us now to get a free quote.

Absolutely Free Advice

Don’t pay for the advice. We do not charge our client for advice. 

Instant Reply to Your Emails

You will get instant reply to your emails and we will follow up a call to your request.

Understanding Needs

Our tax accountants understand your business and have industry knowledge

Do Not Miss Deadlines

We will take care of everything and you will not miss your filing deadlines

Industry Award Winning Software

We use award winning industry software and benefit our clients

What our clients say

SDLT and First Time Buyers

First-time buyers are able to benefit from Stamp Duty Land Tax (SDLT) relief when they buy their first home – but only if the property that they are buying does not cost more than £500,000.

Read More »