Code of Practice 8 Investigations

Code of Practice 8 Inquiry HMRC Investigates Potential Tax Evasion Initiated based on tips and suspicions of tax avoidance, COP8 Investigations commence when flagged by HMRC. It is advisable to consult with us before responding to HMRC, as the repercussions can be significant.

Nigel Holland
Nigel Holland

Specialised Investigation Services under Code of Practice 8 for Accountants

In instances where HMRC suspects tax avoidance, individuals may be subject to investigation under Specialist Code of Practice 8. Various tax avoidance schemes, such as Share Loss Relief Schemes, Employee Benefit Trusts, Stamp Duty Schemes, Film Partnership Schemes, Pension Schemes, and Inheritance Tax Schemes, fall within the purview of this code. HMRC’s anti-avoidance group is dedicated to closing any loopholes exploited in these schemes.

Engaging in tax avoidance can have severe consequences, including criminal prosecution and potential imprisonment. Given the intricacies involved in tax avoidance and the Code of Practice 8 Investigation process, our professional tax accountants are ready to examine your returns or provide guidance from the earliest stage.