What About The Horror Stories? Will I Lose My House or Go To Prison?
If you’ve committed deliberate tax fraud, then loss of assets or going to prison is a possibility. However, with a tax expert on your side, this can be avoided even in the most serious of cases.
HMRC Tax Disclosure Procedures
There are set procedures, i.e. Code of Practice 9, that can be used to guarantee immunity from criminal prosecution in relation to your tax affairs. However, something as serious as a disclosure under ‘COP9’ should never be undertaken without the guidance of a professional representative, such as T M Sterling.
When a taxpayer decides to make a disclosure there are several key obligations that must be met in order to benefit from the immunity from prosecution that COP9 affords. Failure to comply with these obligations might mean that the immunity is removed.
Click here for more in depth information on Tax Evasion and protecting yourself from criminal prosecution. If you need to make a disclosure and would like to discuss the various options in more detail then please call us today, or send us an email using the contact form.