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Lion’s den? Don’t go in without a keeper for protection
HMRC’s invitation to the confessional is laudable and I am sure Tony Preston, a man with great experience in investigation matters, will give a proper hearing to those minded to make such a move.
I think, however, that HMRC ought also to urge people who believe that they have problems of this nature to take advice from tax professionals on this side of the cage before they walk through the bars and into the lion’s den.
Anyone with experience in tax investigation work knows that people who have evaded tax over many years often have no idea of their real direct tax liabilities, the interface with VAT, the possible permutations arising from PAYE/NIC and director’s loan account situations let alone the vagaries of penalty negotiations.
Tax is complicated enough on an annual basis but when you have to unravel may be ten year’s worth of a client’s life history so as to fill in the tax gaps to produce the “right” answer on a negotiated basis then people should seek help from professionals with experience.
The lion only sleeps when its belly is full.
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