MS Taxes

DID YOU KNOW?...

We deal with Code Of Practice 9 & Tax Avoidance / Evasion Investigations.

If you have been advised that HMRC is starting a Code of Practice 9 investigation, then this is because they suspect a severe loss of tax. COP 9 investigations are serious, and HMRC strongly advises you to take professional and independent advice.

You will be asked to make a disclosure, and if this is managed poorly, this can lead to higher penalties and the possibility of a criminal investigation and prosecution. However, making a disclosure is admitting fraud, and the penalties are much higher than those for careless financial inaccuracies.

For these reasons, you should always seek the advice of a tax specialist.

Contact us and we will be more than happy to discuss these issues with you.

https://mstaxes.co.uk/
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https://mstaxes.co.uk/
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Here at MS Taxes, we can help you understand...
You know it makes sense!

Here's a lovely testimonial, it makes all our hard work worthwhile to see kind words like this.

https://mstaxes.co.uk/

If HRMC initiate an investigation into your business will you be prepared?

Every business owner hopes their company won't be investigated by HMRC, but it's essential to be ready just in case.

They’ll ask for different files and documents, some of which will include:

• Self-Assessment returns
• Annual returns and PAYE records
• Household income and expenses
• If you’re really unlucky, your personal bank and credit card statements

Tax Investigations can be stressful and frightening. So why not hire Accountants who knows the ins and outs of the process? Who can take care of the paperwork? Who can make it all Make Sense?

https://mstaxes.co.uk/
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The highest 1% of income taxpayers account for 27% of all income tax. It's a more top-heavy tax than both National Insurance Contributions (NICs) and VAT, although less so than Stamp Duty Land Tax and Inheritance Tax.

https://mstaxes.co.uk/

If HRMC initiate an investigation into your business will you be prepared?

Every business owner hopes their company won't be investigated by HMRC, but it's essential to be ready just in case.

They’ll ask for different files and documents, some of which will include:

• Self-Assessment returns
• Annual returns and PAYE records
• Household income and expenses
• If you’re really unlucky, your personal bank and credit card statements

Tax Investigations can be stressful and frightening. So why not hire Accountants who know the ins and outs of the process? Who can take care of the paperwork? Who can make it all Make Sense?

http://www.mstaxes.co.uk/

1. WHAT IS A TAX INVESTIGATION AND WHY AM I BEING INVESTIGATED?
A Tax Investigation is an official inquiry into your tax payment history. A Tax Investigation in the UK is conducted by HM Revenue and Customs (HMRC) with the severity of an investigation being completely dependent on the case. There can be many reasons for tax investigations and inquiries, for example;

Following a tax return;
As a result of a mistake or misunderstanding;
Conflicting information from another source or whistle-blower;
A random check;
Or, because there is information which is incorrect.
The most important thing is to identify the type of the tax inquiry and how best to deal with it. Sometimes identifying the reasons behind the tax inquiry may assist in that. Often HMRC will be reluctant to disclose very much detail at the outset.

So if you know of an irregularity in your tax affairs and you do not know how to resolve it, or you are worried that you may be investigated or find yourself the subject of a tax investigation or prosecution, then it is vital that you receive expert advice as to how best to navigate your way out of trouble.

Contact us today and find out how we can help...

https://mstaxes.co.uk/
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Here is the latest government information regarding the Covid19 pandemic.

This is where you will find all the latest updates, don't always listen to the news as they can misinform you.

https://mstaxes.co.uk/
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Did you know we offer a Contractual Disclosure service;

A Contractual Disclosure may be used when HMRC suspects fraud with a view to prosecution. HMRC will issue, in selected cases, a Code of Practice 9 where they suspect tax fraud. In many cases, they will carry out criminal investigations on the alleged fraud. Investigations are usually done to make a case to prosecute.

https://mstaxes.co.uk/
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