Tax Fraud and Tax Evasion are very similar but tax evasion is a type of tax fraud which may lead to an investigation. Both involve misleading the tax authorities in order to pay less tax.
At KinsellaTax we understand your dilemma. Perhaps you have been wrongly accused of evasion, perhaps you trusted your accountant a bit too much in that “perfect scheme”, or perhaps you have just overlooked your reporting of income to HMRC.
Whether you have committed tax evasion or have been unfairly accused by HMRC, you NEED to manage your approach carefully. It is a serious offence that could land you in prison. HMRC now have greater powers to seek information about your financial affairs than they have ever had before, they have geared up their prosecution department, employing more barristers and solicitors to pursue evaders. You need somebody to fight your corner and to ensure you are treated fairly by HMRC inspectors during the course of any investigation. HMRC can ‘name and shame’ taxpayers who have committed offences greater than £25,000.
Criminal prosecution is being increased enormously due to the Revenue and Customs Prosecutions Office being incorporated with the Crown Prosecution Services. The Taxman is no longer interested in getting the money, they want prosecutions, the convictions AND the money.
If you are criminally prosecuted for evasion you don’t escape paying the tax, you will be chased for it. You may be prosecuted under the Proceeds of Crime Act 2002 and the Money Laundering Act 2007. If you are convicted of money laundering, all of your possessions – including your house, your cars, your boat, whatever – can be confiscated.
Tax evasion is a very, very serious offence, which must not be underestimated. We strongly recommend that you act, act quickly, but act with professional, experienced help. Inexperience can cause you to end up in more serious trouble.
We are one of the foremost experts in this field, dealing with civil and criminal prosecutions by HMRC. We are non-judgmental and will take your investigation in hand. Most importantly, we know how to negotiate with HMRC.
If you have been accused, don’t waste time burying your head in the sand, deal with it now, and rest your head on the pillow.
No matter what your situation is, after speaking with KinsellaTax, you will sleep better knowing that we are in your corner, supporting you
and helping you to achieve the best outcome.
Seek advice from us now before your affairs get out of hand.
what are you waiting for? Call us now. You don’t have to give your name or number – we’re here to help you.
0800 471 4546
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Tax evasion should not be confused with tax avoidance – the legitimate structuring of your tax affairs in order to lower your tax liabilities.
Tax evasion is the deliberate failure to pay taxes, commonly by making a false report.
It involves taxpayers deliberately concealing the true state of affairs to HMRC to reduce their tax liability. Dishonest evasion reporting includes understating your income, profits or gains and overstating your deductions.
Former British Chancellor of the Exchequer, Denis Healy, said:
“The difference between avoidance and evasion is the thickness of a prison wall”.
Only a small percentage of cases result in a criminal tax investigation but it is a possible outcome. Criminal tax investigations depend on your willingness to co-operate with HMRC and the severity of the tax evasion. HMRC tax investigations for tax evasion usually result in a financial settlement, often including interest and tax evasion investigation penalties. These penalties can be up to 200% of the tax owed. Professional representation during your tax evasion investigation is essential and will considerably reduce your penalties.
Tax investigations into tax evasion are carried out by the following HMRC departments:
HMRC evasion investigations are not something that can be dealt with on your own. Give yourself the best possible chance of a fair settlement and call KinsellaTax the moment you receive an investigation letter from HMRC.
KinsellaTax has acted for many clients accused of tax evasion and are here to help you.
We are here for you 24 hours a day, 7 days a week on 0800 471 4546. Call anytime to speak with one of our dedicated tax evasion investigation experts.