Although Civil Evasion Investigations do not usually end in a criminal prosecution, this is not a certainty and, as a result, all types of investigation must be taken seriously.
Even if HMRC do not push for a criminal prosecution, you will still have to pay back any tax owed together with interests and a hefty penalty.
Always remember that HMRC can charge penalties of up to 100% of the tax you owe unless it is overseas when penalties of 150% – 200% can be charged.
Undoubtedly, this can have a severely damaging effect on a person’s business and personal life and needs to be handled carefully.
These investigations are carried out under different procedures and do not, usually, involve criminal prosecutions.
These procedures are as follows:
If you are under investigation by HMRC then you need to seek specialist advice immediately.
The worst option to take is to shy away from any investigation, but you shouldn’t let an investigation take over your life.
Pass all the worry and stress on to our dedicated team of specialists.
KinsellaTax are here for you 24 hours a day to ease your mind and to deal with HMRC. Call us now on 0800 471 4546 to see how we can solve your problem.
We will make sure you don’t struggle on your own.