The fog starts to descend and the way forward is not as bright and sunny as we would expect. Interpretation of "Tax Law" is an element of inconsistency. Ensuring Positive Interpretation is the key. HMRC can interpret the law in their favour. Consequently a clear and professional understanding of the Taxes Management Acts is essential. Our clients can expect a first-class understanding of the law and codes of practices so the pitfalls of interpretation can be avoided. Civil Fraud Procedure. The procedure refers to the way in which more serious fraud cases are dealt with under the HMRC code of practice 9. This states that HMRC may accept a monetary settlement instead of initiating criminal proceedings as long as they receive a full disclosure of all the realities. It is important to recognize that undeclared income could, in part, represent the proceeds of crime, as that undeclared sum would constitute the ‘benefit’. Our service will ensure that application to the statute will be done properly and professionally, leaving you without the anxiety and stress, so that your business can keep running smoothly
