HMRC Investigate under Code of Practice 8 (COP8)

If HMRC suspects that there has been a serious loss of tax but they do not suspect that this arises as a result of tax fraud, then they will open the tax investigation under Code of Practice 8 (COP8).  In most cases these enquiries will be into the tax affairs of taxpayers who have participated in a tax avoidance schemes.

Many of these tax avoidance schemes were marketed by a tax advisers or other firms, meaning that there can be a many individuals using the same scheme and HMRC are aware of this. They therefore look into a few examples and then use this information to investigate all users.

If you’ve got any problems regarding your tax? Lindsay will be happy to give you her advice, so give Lindsay a call on 07879 464 577 for a friendly chat.