Code of Practice 9 (COP9): The Contract Disclosure Facility
Code of Practice 9 (COP9):
The Contract Disclosure Facility
Need To Declare Untaxed Income?
Do you have serious tax irregularities that you need to disclose to HMRC?
If so, then applying to make a disclosure under the Contract Disclosure Facility has some attractive benefits:
Provides guaranteed immunity from criminal prosecution, removing the possibility of going to prison.
Suitable for all taxes; including Income Tax, VAT, Corporation Tax and Capital Gains Tax.
Declare all tax irregularities from any time within the past 20 years, within a single disclosure process.
Flexible penalties: significant penalty reductions provided for high levels of cooperation during the disclosure process.
Need To Declare Untaxed Income?
Do you have serious tax irregularities that you need to disclose to HMRC?
If so, then applying to make a disclosure under the Contract Disclosure Facility has some attractive benefits:
• Provides guaranteed immunity from criminal prosecution.
• Suitable for all taxes; including Income Tax, VAT, Corporation Tax and Capital Gains Tax.
• Declare all tax irregularities from any time within the past 20 years, within a single disclosure process.
• Flexible penalties: significant reductions provided for high levels of cooperation.
What is Code of Practice 9 and the Contract Disclosure Facility (CDF)?
Simply put, we use the Contract Disclosure Facility to secure our clients guaranteed immunity from criminal prosecution. This protection is offered by HMRC in return for making a complete and honest disclosure relating to serious tax irregularities (i.e. tax evasion).
It’s a tried and tested procedure that allows our clients to bring their tax affairs up to date and quickly move on with their lives, whilst no longer needing to look over their shoulders.
The CDF is administered under a specialist process known as Code of Practice 9 and is designed to be as pain-free as possible for our clients; we’ll handle all direct interactions with HMRC throughout, and our disclosure specialists will help to ensure that you receive the lowest penalties possible.
What Is The Contract Disclosure Facility?
Simply put, we use the Contract Disclosure Facility to secure our clients guaranteed immunity from criminal prosecution. This protection is offered by HMRC in return for making a complete and honest disclosure relating to serious tax irregularities (i.e. tax evasion).
It’s a tried and tested procedure that allows our clients to bring their tax affairs up to date and quickly move on with their lives, whilst no longer needing to look over their shoulders.
The CDF is administered under a specialist process known as Code of Practice 9 and is designed to be as pain-free as possible for our clients; we’ll handle all direct interactions with HMRC throughout, and our disclosure specialists will help to ensure that you receive the lowest penalties possible.
Why Should I Apply To Make A Tax Disclosure?
Tax evasion is a criminal offence that can result in prison in the most serious of cases. Code of Practice 9 provides you with the opportunity to bring your taxes up to date and be protected from criminal prosecution.
It’s possible that HMRC may have written to you, inviting you to make a disclosure. This is usually because HMRC holds information relating to your tax affairs and believes that you may need to disclose untaxed income. If this is the case then it’s extremely important that you seek professional help and disclose the relevant income as soon as possible.
If you believe that you may need to make a disclosure, or have received a letter from HMRC, please contact us for a free, no-obligation consultation with a professional – you have nothing to lose by getting in touch.
Why Should I Apply To Make A Tax Disclosure?
Tax evasion is a criminal offence that can result in prison in the most serious of cases. Code of Practice 9 provides you with the opportunity to bring your taxes up to date and be protected from criminal prosecution.
It’s possible that HMRC may have written to you, inviting you to make a disclosure. This is usually because HMRC holds information relating to your tax affairs and believes that you may need to disclose untaxed income. If this is the case then it’s extremely important that you seek professional help and disclose the relevant income as soon as possible.
If you believe that you may need to make a disclosure, or have received a letter from HMRC, please contact us for a free, no-obligation consultation with a professional – you have nothing to lose by getting in touch.
How Do I Make A Code Of Practice 9 Disclosure?
It’s highly advisable to consult with a tax disclosure specialist before undertaking any HMRC tax disclosure – let alone one that deals with securing immunity from criminal prosecution. That way, you can be sure that the disclosure process will run as smoothly as possible and you won’t encounter any unexpected hurdles along the way.
A disclosure can be initiated in one of two ways:
• HMRC may send you a Code of Practice 9 letter (also called a CDF letter), inviting you to make a disclosure. This is extremely serious and should not be ignored. Ignoring the letter could result in HMRC pursuing a criminal prosecution against you.
• An individual can apply to make a disclosure, providing immunity from criminal prosecution. Again, this should be done under the guidance of a specialist, such as T M Sterling, due to the potential implications of getting it wrong.
If you need to apply to make a disclosure relating to untaxed income, please contact us for a free, no-obligation consultation with our disclosure experts – they’ll be able to talk you through the entire application process.
How Do I Make A Code Of Practice 9 Disclosure?
It’s highly advisable to consult with a tax disclosure specialist before undertaking any HMRC tax disclosure – let alone one that deals with securing immunity from criminal prosecution. That way, you can be sure that the disclosure process will run as smoothly as possible and you won’t encounter any unexpected hurdles along the way.
A disclosure can be initiated in one of two ways:
• HMRC may send you a Code of Practice 9 letter (also called a CDF letter), inviting you to make a disclosure. This is extremely serious and should not be ignored. Ignoring the letter could result in HMRC pursuing a criminal prosecution against you.
• An individual can apply to make a disclosure, providing immunity from criminal prosecution. Again, this should be done under the guidance of a specialist, such as T M Sterling, due to the potential implications of getting it wrong.
If you need to apply to make a disclosure relating to untaxed income, please contact us for a free, no-obligation consultation with our disclosure experts – they’ll be able to talk you through the entire application process.
What Information Do I Need When Making A COP9 Disclosure?
When making a disclosure under Code of Practice 9, you’ll want to have as much information to hand as possible. This commonly includes accurate details of income and expenditure – such as bank statements and supplier & sales invoices. Of course, some information related to the disclosure may not be obtainable.
It goes without saying that you won’t want to pay any more tax than you have to, and having access to accurate information will greatly assist us in this regard.
To find out what expenses can be claimed to reduce your tax liability, please contact us for a free, no-obligation consultation with our disclosure experts.
We Can Help You: Expert Advice…
We help clients just like you to overcome all manner of complex tax problems – such as Code of Practice 9 and Contract Disclosure Facility applications.
During your free initial consultation, our specialists will build an understanding of your case and formulate a strong plan of action to resolve the issues you’re facing.
Free consultations are offered on a first-come-first-served basis. Please call us now: 01656 508461 or click the button below to book a call.
What Information Do I Need When Making A COP9 Disclosure?
When making a disclosure under Code of Practice 9, you’ll want to have as much information to hand as possible. This commonly includes accurate details of income and expenditure – such as bank statements and supplier & sales invoices. Of course, some information related to the disclosure may not be obtainable.
It goes without saying that you won’t want to pay any more tax than you have to, and having access to accurate information will greatly assist us in this regard.
To find out what expenses can be claimed to reduce your tax liability, please contact us for a free, no-obligation consultation with our disclosure experts.
We Can Help You: Expert Advice…
We help clients just like you to overcome all manner of complex tax problems – such as Code of Practice 9 and Contract Disclosure Facility applications.
During your free initial consultation, our specialists will build an understanding of your case and formulate a strong plan of action to resolve the issues you’re facing.
Free consultations are offered on a first-come-first-served basis: please contact us for a free, no-obligation consultation with our disclosure experts, or click the button below to call us now.