When you are suspected of evading tax, HMRC can make all sorts of assumptions assessing your finances. If facing criminal proceedings for alleged tax evasion you will need your financial circumstances examined independently and presented clearly to show a balanced and fair picture. We are often faced with the need to explain financial activity where records are incomplete, and demonstrate a robust and acceptable explanation of actual taxable activity.
HMRC will make assumptions that can lead to large tax assessments being raised. The assumptions need to be challenged, with alternative explanations provided that are reasonably supported and a balanced assessment of taxable income presented.
Why Wait For The Bad News From HMRC? When you receive the request from HMRC to explain certain figures being presented in your accounts it is possible that you have a long period of waiting ahead of you after you … Read more…
As a forensic accountant I am seeing an increasing number of tax evasion cases in my portfolio of work. The ultimate result in such cases has to be a fair settlement of any unpaid tax, and this normally means a … Read more…
The inevitability of tax is a burden we all share. Shouldering this burden is not helped by the regular news items reporting waste and inappropriate spending by the various public bodies, even in this climate of so called “austerity”. The … Read more…
Does Preventing Tax Evasion Also Cure Money Laundering? Tax evasion and money laundering represent the outside layers of the same onion, whereby the core consists of drug trafficking, robbery and extortion. The outside layers are no less serious, and can … Read more…
Mark Jenner & Co Limited receive instructions as Forensic Tax Accountants on a regular basis, considering small and large criminal tax evasion cases. Sometimes, these cases can be very substantial owing to the complexity of tax affairs and the long … Read more…
Tax evasion is one of the key tenets of our business. The challenge is to establish for our clients how little or how much should have been disclosed to the Revenue during or following a criminal investigation. Much of the … Read more…
Value Added Tax or VAT as it is more commonly referred to is an indirect taxation of the goods and services that we all have to buy. As a percentage of the sales value, some 17.5% in the UK rising … Read more…
