Postby wamstax » Mon May 15, 2023 1:32 am
Bd6597 is absolutely correct in that the best (and only) strategy is to get an experienced tax adviser to fully review matters with a view to assisting your friend (and the company and other party involved if appropriate ) in making a full and voluntary disclosure to HMRC before they come a knocking.
Looks like the accountant has not served them well and while an experienced tax investigations specialist (TIS) would be best to run the voluntary disclosure a new accountant going forward might well be needed. Experienced and specialist TIS will not really be interested in doing the day to day normal GP etc functions going forward. depending on the amounts of evaded duties and the full facts as regards non-disclosure it might be necessary to consider getting the protection of Code of Practice 9 if there was any deliberate/fraudulent tax evasion
Hope this helps
regards and hope this helps
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