Why Has HMRC Targeted my Business? is it fair?

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Most tax investigations occur when HMRC has reason to believe that your business isn’t paying its taxes in full. Common issues that can lead to a tax investigation include:

  • Filing tax returns and paying taxes late, especially when this occurs frequently
  • Inconsistencies or unusual differences between your tax returns
  • Using offshore bank accounts or other signs of money being transferred out of the UK
  • Operating a business that frequently takes cash payments
  • Operating a business in an industry that’s been identified as being at high-risk ...
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Furlough Fraud Investigation – HMRC go after Furlough Fraud offenders

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HMRC has announced the potential penalties that can be imposed on employers who commit fraud under the Coronavirus Job Retention Scheme.

The Job Retention Scheme was put in place to support employers who were not able to operate as normal due to the pandemic. However, some employers have likely overclaimed and may face sanctions if this is not reported and rectified.

The Government has explained that the following actions constitute an overclaimed furlough grant:

• Any amount the employer was not entitled to ...

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Dog Breeders arrested – Tax help

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HMRC reports that several arrests have been made in relation to their taskforce’s work into Dog Breeders over the past four years. Durham kennel owner, Kevin Knox, pleaded guilty to the fraudulent evasion of tax and VAT in March 2018.

However it is not only the smugglers who HMRC are interested and the tax enquiry is far less scary and intrusive with the right adviser

If you have still failed to declare income from dog or cat breeding call me and let’s ...

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Dog Breeders caught in the tax net

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A couple of years ago HMRC Officers uncovered fraudsters selling puppies on a mass scale and for a huge profit, but because of the underground nature of the activity – many had failed to declare their sales.

HMRC has recovered almost £6 million in lost taxes from hundreds of cases since the formation of their dedicated taskforce.

Of those breeders and traders targeted, they include:

  • two unconnected puppy breeders in the west of Scotland who were handed tax bills of £425,000 and £337,000
  • a puppy ...
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