Criminal Defence | Kingsley Napley’s Post

Really looking forward to attending the Informa Tax Controversy Leaders Summit tomorrow. Join me for my session with HMRC's Deputy Director of Offshore, Corporate and Wealthy Zoe G. and Red Lion Chambers Michael Goodwin KC and David Claxton on 'What's Next for Tax Crime?'. We will explore HMRC's Fraud Investigation Services' strategy, the offence of 'failing to prevent tax evasion' and the new offence of 'failure to prevent fraud', dawn raids, Code of Practice 9, deferred prosecution agreements, account freezing and forfeiture orders and HMRC's international co-operation with other tax authorities. #taxdisputes #hmrc #taxfraud #regulatoryrpc

HMRC recently introduced an online tool designed to help workers engaged with umbrella companies identify signs of fraud and prevent themselves from falling into tax avoidance schemes. Our latest blog post outlines all the details that you need to know: https://lnkd.in/eSFwyEaT

HMRC wants businesses to ‘come clean’ if they’ve accidentally overclaimed R&D tax relief. A new Disclosure Service aims to correct errors and reduce fraud. Not sure if it applies to you? Find out how the service works, who it affects, and the steps to fix an overclaim in our latest article: https://lnkd.in/eHvD7ErT

🚨 Attention all SMEs! 🚨 HMRC's crackdown on error and fraud in R&D tax credits has led to significant changes in compliance checks and claim rejections. But fear not; there's light at the end of the tunnel! HMRC's latest statistics estimate a significant decrease in error and fraud rates. 😊 https://lnkd.in/eJCscaFy Discover key insights into claimant behaviour, compliance rates, and more. Let's navigate these changes together and make R&D tax relief claims hassle-free! 🚀💼 #RDtax #ComplianceMatters #HMRCInsights

IRS ceases the assessment of penalties for late-filed Form 3520, Part IV https://lnkd.in/eazFyi-g

🚨 Tax Fraud Alert! 🚨 In one of the largest cases of tax fraud ever recorded, attorney Paul Daugerdas was sentenced to 15 years in prison for orchestrating a massive scheme involving bogus tax shelters. These shelters, designed specifically for wealthy clients, generated fake losses enabling them to dodge millions in taxes. The fraudulent activity, which amounted to an astonishing $1.6 billion, highlights the severe consequences of manipulating the tax system. This case serves as a stark reminder of the importance of compliance and the risks of cutting corners in financial responsibilities. At Omni Tax Help, we advocate for legitimate and lawful tax debt resolution. If you find yourself in tax trouble, choose the right path forward with expert advice and integrity. Don't fall prey to schemes that sound too good to be true! 🔍 Need help or have questions about tax compliance? Reach out to us for guidance on how to handle your tax matters responsibly. . . . #OmniTaxHelp #TaxNews #IRSGov #IncomeTax #IncomeTaxReturn #TaxDebtResolution #BackTaxes #TaxLiability #TaxShelter #TaxLoopholes #TaxFraud

Get in on the discussion about underpayment penalties with your friends at TaxxGuy LLC via our new blog post. Just click below.

As we approach the Self assessment tax return deadline, scammers are ready too! Be aware of such scams. #Selfassessment #HMRC #taxreturn #Scams #refunds

𝗧𝗔𝗫 𝗙𝗥𝗔𝗨𝗗 & 𝗙𝗢𝗥𝗠𝗦 𝗠𝟳𝟳𝟬/𝗠𝟳𝟳𝟭: 𝗪𝗛𝗔𝗧 𝗬𝗢𝗨 𝗡𝗘𝗘𝗗 𝗧𝗢 𝗞𝗡𝗢𝗪 Tax fraud becomes a criminal offense under the following conditions: 1. Unpaid or incorrectly claimed tax benefits 2. Intent to commit fraud (*) 3. The tax amount involved is 120,000€ or more. (*) Intent can be inferred if you're hiding income, creating fake tax benefits, or issuing false invoices. But, there’s no offense if genuine, non-deductible expenses were deducted without intent to defraud. The statute of limitations is 4 years, but it extends to 5 years in criminal cases.How to Avoid Tax Fraud: Haven’t been inspected yet? You can file a complementary tax declaration and pay the owed tax to correct the situation, but be cautious—if the amount is 120,000€ + you may still face investigation. Form M770: Submit this along with the complementary declaration to pay fines and interest, with a possible 25% reduction. Form M771: Use this if you can’t submit a complementary declaration for the needed period. Stay compliant and avoid serious penalties! 𝘀𝗽𝗲𝗻𝗰𝗲𝗰𝗹𝗮𝗿𝗸𝗲.𝗰𝗼𝗺 𝘛𝘢𝘹 | 𝘈𝘤𝘤𝘰𝘶𝘯𝘵𝘴 | 𝘓𝘢𝘸 | 𝘓𝘢𝘣𝘰𝘶𝘳 #marbella #advisors #spenceclarke

In the latest developments regarding HMRC’s increased focus on Research and Development (R&D) tax relief claims, dawn raids have been carried out and arrests made on ‘advisors’ that have been suspected to have engaged in fraudulent activities. This is a clear reminder to businesses and advisors that compliance with legislation and HMRC guidelines is essential. It also emphasises the need for businesses to be wary of who they select as their R&D agent. Read more: https://lnkd.in/eHRG2e8p   Gemma Monaghan, Sajid Ghufoor, Haris Rehman CTA, Steven Holmes, Chris Dale, Stuart Bentley, Nick Woolfe