Send us a textBetter 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/TTPP111Subscribe: thetaxprofessionalspodcast.com/subscribeTake control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourseYou’ll LearnA 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?ResourcesMasterclasses 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 valueRegister for a free 1-month trial for Croner-I’s tax guidance/resourcesContact Me:[email protected]: https://www.linkedin.com/in/jackbonehill94/

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related