Tax help – Will I go to prison for tax?

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Will I go to Prison??

This is the most regular question clients ask me when they call me in a very stressed state for help following a tax compliance check or enquiry!

So what the chance?

HMRC is responsible for investigating crime involving all of the taxes and other regimes it deals with. Based on the outcome of HMRC’s investigations a decision on whether to bring a criminal prosecution is made by the UK’s independent prosecuting authorities. In England and Wales this is ...

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Are you in the Taxmans Hidden Economy? Dog Breeders and Cat Breeders Beware

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Hidden Economy (HE) teams at HMRC have in the past focused on those trades commonly known to be on the sidelines of mainstream tax with opportunity to earn money and hide it from the taxman’s eyes, with even prostitution being targeted for tax recovery!

The HE teams carry out targeted projects into such groups of people with a strong expectation that they have not declared their income and the most recent one being dog (and less commonly cat) breeders.

It is no ...

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HMRC get in via the cat flap, never mind the back door

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When is a hobby not a hobby! Are you in the doghouse!

Have you had a notice of Enquiry from HMRC investigating you for breeding dogs or cats. HMRC are sweeping the country from the North East to the South West!

Why is this? What have they got on you?

Well, as insurers like “Petplan”, have been paying you a commission in the form of high street vouchers for recommending the insuring of those puppies sold, then HMRC have to right in law ...

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When is a hobby really a business?

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Ask yourself these questions

Then stand back and look at the big picture!

It may be clear or it may not!

Speak to someone who can give you an honest answer to what HMRC may feel is a dishonest trade!

Is your main motive to earn a profit?
Well for most people of course it is! But is it a trade? Read On
HMRC may deem your selling activity to be a business.

The number of transactions matter. If you repeat very similar transactions in ...

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