TTPP111: HMRC Tax Fraud Investigations: What COP9 Is and How To Prevent Disaster with Lucy Sauvage
11/25/24 • 54 min
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
Subscribe: thetaxprofessionalspodcast.com/subscribe
Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse
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
Register for a free 1-month trial for Croner-I’s tax guidance/resources
Contact Me:
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
Subscribe: thetaxprofessionalspodcast.com/subscribe
Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse
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
Register for a free 1-month trial for Croner-I’s tax guidance/resources
Contact Me:
Previous Episode
TTPP110: Has HMRC's ADR Become Pointless or Worthwhile to Solve a Tax Dispute? with Barbara Bento
Learn about HMRC’s alternative dispute resolution (ADR) process, which you can use to help solve your client’s tax disputes with HMRC – but is it worthwhile or is it a waste of time? Barbara Bento, our expert guest, explains.
Show notes: thetaxprofessionalspodcast.com/TTPP110
Masterclasses for tax professionals:
Subscribe: thetaxprofessionalspodcast.com/subscribe
Take control of your career progression free course: https://documents.thetaxprofessionalspodcast.com/freecourse
You’ll Learn
- A bit about Barbara
- (8:30) What is HMRC Alternative Dispute Resolution (ADR) and what is classed as a ‘dispute’?
- (12:15) What does the ADR process look like from start to finish?
- (20:45) Any situations when ADR can't be used?
- (26:00) Co-mediation in ADR by Barbara – what this means and the benefit
- (30:00) My (Jack Bonehill's) bad experience with HMRC & what can be done to avoid
- (37:15) What is meant by partial settlement in ADR?
- (37:45) Is ADR worthwhile & if so, when?
- (42:45) What do you need to make ADR go well, be successful? Barbara’s advice
- (47:15) Barbara's worst HMRC ADR experience
- (51:15) Is ADR remote or in person?
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
Register for a free 1-month trial for Croner-I’s tax guidance/resources
Contact Me:
Next Episode
Podcast Break for Christmas, Recommended Eps from 2024, and Update From Me
Info re Christmas podcast break, when the next episode will be, what the next two episodes will be, recommended eps from 2024 to listen to if you haven't already, and mini update from me.
Show notes: thetaxprofessionalspodcast.com/Xmas24
Subscribe: thetaxprofessionalspodcast.com/subscribe
Recommended Episodes from 2024
TTPP96: Why She Failed One CTA Paper Multiple Times but Then Passed and Qualified with Amy Rylance
TTPP98: How and Why I Moved Tax Role After Being Loyal for 7 Years (Interviewed by Sam Hart)
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
Register for a free 1-month trial for Croner-I’s tax guidance/resources
Contact Me:
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