World Wide disclosure Facility

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World Wide disclosure Facility

Worth it’s weight in gold for those still sheltering their offshore assets from HMRC

Those UK residents having overseas assets tend to be the wealthier in society and HMRC are likely to recover far more for the Crown from such assets.

HMRC receive masses of information on overseas bank accounts and property now ...

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I didn’t do it deliberately!

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Penalties for what HMRC define as deliberate behaviour are higher than for those who took reasonable care or were simply careless.

How do I explain myself?

Is ignorance of the law an excuse.

I buried my head in the sand!

How do I present my case to HMRC to achieve the lowest penalty available?

It’s all about good behaviour from day one!

Call me for more advice – 07584 706 664

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First UK prosecution for Furloughing fraud

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First UK prosecution for Furloughing fraud

A 57-year-old West Midlands man has been arrested as part of an HMRC investigation into a suspected £495,000 Coronavirus Job Retention Scheme fraud. Eight other men have also been arrested in a linked investigation.

The arrest took place after a search of premises in the Solihull area which led to the seizure of computers and various other digital devices. Funds in a bank account relating to the man’s business have been frozen. A suspected multi-million pound ...

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Will I go to prison?

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Covid-19 business closures may have died down and many are back up and running and we now see the coronavirus job retention ( furlough) scheme (CJRS) being phased out.

Watch this space as we await figures of the further spread of the virus or a second wave and if HMRC will back down and re-open the furloughing scheme to limited sectors.

However where there’s a fund there’s a fraud and HMRC is starting to take up many enquiries into furloughing fraudulent claims. ...

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