DON'T LET TAX PROBES BE TAXING; BIZ TIPS: Biz Bureau.Byline: Tricia Phillips HM REVENUE & Customs' new extended powers include the right to enter business owners' homes. New research from Premierline Direct reveals that one in five of the UK's small business owners fear being investigated by the taxman. Chris Little, from Premierline Direct, advises owners to... Keep your accounts in order. HMRC HMRC Her Majesty's Revenue and Customs (UK) HMRC Health Management Research Center (University of Michigan) HMRC Helicopter Multi-Role Computer HMRC Hierarchical Maximal Ratio Combining can go back six years for a standard inquiry and 20 years if intentional tax evasion The process whereby a person, through commission of Fraud, unlawfully pays less tax than the law mandates. Tax evasion is a criminal offense under federal and state statutes. A person who is convicted is subject to a prison sentence, a fine, or both. is suspected. Consult an adviser before submitting records. Take the time to understand tax and legal affairs. Ignorance is not bliss. The onus is on the individual. Take an adviser to any meetings, as detailed minutes will be taken. Get covered. An investigation can cost pounds 5,000, so it's worth having Commercial Legal Protection.. For Biz help, email bizbureau@mirror. co.uk or write to: Biz Bureau, Your Money, Daily Mirror, 1 Canada Square
Canada Square is a public square at Canary Wharf, on the Isle of Dogs in London's Docklands. , London E14 5AP |
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