TTPP111: HMRC Tax Fraud Investigations: What COP9 Is and How To Prevent Disaster with Lucy Sauvage

The Tax Professionals Podcast

11/25/24 • 54 min

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Better serve your clients, should they be caught up in tax fraud or a Code of Practice 9 (COP9) situation. Lucy Sauvage, our guest for this episode, explains what COP9 is, what a typical COP9 enquiry looks like, advice to prevent you messing up a COP9 enquiry, examples of common tax frauds and a story where Lucy’s client left HMRC with almost no choice but to pursue a criminal investigation into them.

Show notes: thetaxprofessionalspodcast.com/TTPP111

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You’ll Learn

A bit about Lucy’s career
(4:45) A big about COP9 and what it is
(7:30) Who instigates COP9? HMRC or taxpayer?
(9:00) What is and isn’t tax fraud?
(13:00) What prompts HMRC to open a COP9 enquiry?
(16:30) What a typical COP9 enquiry looks like, the process
(24:15) What are some of the tax frauds Lucy has seen? Examples
(32:15) Risks associated with going down the COP9 route (to taxpayer and their tax advisor/accountant)
(37:45) Can COP9 apply to businesses as well as individuals?
(39:45) Any COP9 disaster stories that Lucy has
(47:00) Typical COP9 mistakes and how tax advisors and taxpayers avoid COP9 going badly?
(51:15) Should COP9 enquiries always be handled by specialists?

Resources

Masterclasses for tax professionals:
Tax Research Masterclass – finding the answer to tax questions, using tax legislation and guidance
Tax Advice Masterclass – how to provide high-quality tax advice that clients value

Contact Me:

[email protected]

LinkedIn: https://www.linkedin.com/in/jackbonehill94/

11/25/24 • 54 min

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