“COP9 Case Study (part two)” by Anton Lane, industry recognised specialist dealing with contentious tax issues

This is the second part of a three-part series by Anton Lane considering how a COP9 disclosure may unfold. The final instalment will be in our next issue.

In part one of the case study, Scott had received a letter from HMRC enclosing code of practice 9 (COP9). Scott accepted he had deliberate acts resulting in tax liabilities and unlike some, he didn’t try second guessing what HMRC knew. He rightfully assumed it was highly likely they just knew. 

Scott had tax irregularities relating his property portfolio, suppressed business income, undeclared benefits in kind, unlawful dividends, and the motorsports team had been funded by the business. It was likely other areas would be identified as primary records were reviewed.

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