The Knowledge Centre

For whatever reason, a taxpayer may not have complied with his or her obligations. Perhaps one of the most common questions you’re asked as a tax adviser is, “how will HMRC find out?” I am sure the viewer would never ask such a thing, but we will try to answer that question in this video. […]

Information Notices HMRC have the ability to issue formal information notices of various different flavours. These may be issued following a failure to respond to an initial “formal” enquiry or may be received by a taxpayer without any such prior notice. Information notices generally may be issued in the following forms: HMRC’s ability to enquire […]

HMRC is now comparing tax returns with information obtained from the Tenancy Deposit Scheme. Part of the letter states: Our information shows that you have put a deposit in a ‘Tenancy Deposit Scheme’. We have compared this information with what you have told us on your Self Assessment (SA) tax return for the year ending […]

Introduction HMRC have a number of formal Information Notices coming in a variety of different flavours. These may be issued either: following a failure to respond to an initial “formal” enquiry; or may be received by a taxpayer without any such prior notice. Types of Information Notice Information notices generally may be issued in the […]

Introduction For many, cryptocurrency will be more associated with non-compliance than it is for compliance with the tax rules! This is unfortunate. Thankfully, the market has moved on as it has evolved and the majority of people in the industry will be aware of their tax reporting obligations. That said, there will still be those […]

Code of Practice 9: an overview A Code of Practice 9 (often simply referred to as COP9) is a document issued by HMRC as part and parcel of its Contractual Disclosure Facility. This itself is often referred to as the CDF. Code of Practice 9 is only by HMRC’s Fraud Investigation Service or FIS. It […]

For many years, HM Revenue & Customs (“HMRC”) has offered disclosure opportunities, inviting those with undeclared income to come forward and settle with HMRC. From HMRC’s perspective, disclosure opportunities are attractive, shifting the workload toward the taxpayer, leaving them to check the details. From the taxpayer’s perspective, disclosure opportunities, while varying in their terms, are […]

Codes of Practice (“COP”) 8 and 9 Background HMRC’s Fraud Investigation Service undertakes the most serious tax investigations. Its investigations fall under COP9 or COP 8. COP 9 HMRC undertakes investigations under COP9 where they suspect fraud. It is a highly prescribed code of conduct setting out how HMRC will proceed with their investigation and the […]

What is the state of play with HMRC’s so called? “nudge letters” As HMRC gathers it’s thoughts on how to narrow the tax gap and recover monies used to assist individuals and businesses throughout the COVID pandemic, how much attention should be paid to the recent outpouring of HMRC’s letters suggesting people should check their […]