TTPP111: HMRC Tax Fraud Investigations: What COP9 Is and How To Prevent Disaster with Lucy Sauvage
Description
Better serve your clients, should they be caught up in tax fraud or a Code of Practice 9 (COP9) situation. Lucy Sauvage, our guest for this episode, explains what COP9 is, what a typical COP9 enquiry looks like, advice to prevent you messing up a COP9 enquiry, examples of common tax frauds and a story where Lucy’s client left HMRC with almost no choice but to pursue a criminal investigation into them.
Show notes: thetaxprofessionalspodcast.com/TTPP111
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You’ll Learn
- A bit about Lucy’s career
- (4:45 ) A big about COP9 and what it is
- (7:30 ) Who instigates COP9? HMRC or taxpayer?
- (9:00 ) What is and isn’t tax fraud?
- (13:00 ) What prompts HMRC to open a COP9 enquiry?
- (16:30 ) What a typical COP9 enquiry looks like, the process
- (24:15 ) What are some of the tax frauds Lucy has seen? Examples
- (32:15 ) Risks associated with going down the COP9 route (to taxpayer and their tax advisor/accountant)
- (37:45 ) Can COP9 apply to businesses as well as individuals?
- (39:45 ) Any COP9 disaster stories that Lucy has
- (47:00 ) Typical COP9 mistakes and how tax advisors and taxpayers avoid COP9 going badly?
- (51:15 ) Should COP9 enquiries always be handled by specialists?
Resources
Masterclasses for tax professionals:
Tax Research Masterclass – finding the answer to tax questions, using tax legislation and guidance
Tax Advice Masterclass – how to provide high-quality tax advice that clients value
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Contact Me:
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