{"id":3616,"date":"2023-06-16T17:20:42","date_gmt":"2023-06-16T17:20:42","guid":{"rendered":"https:\/\/magnumaccountancy.com\/?p=3616"},"modified":"2023-06-16T17:20:42","modified_gmt":"2023-06-16T17:20:42","slug":"hmrc-publishes-revised-code-of-practice-9","status":"publish","type":"post","link":"https:\/\/magnumaccountancy.com\/hmrc-publishes-revised-code-of-practice-9","title":{"rendered":"HMRC publishes revised Code of Practice 9"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<p>\n            <span class=\"lead\"><br \/>\n                HMRC has updated its code of practice that provides taxpayers with an opportunity to bring their UK tax affairs up to date on a civil basis, as opposed to criminal basis.<br \/>\n            <\/span>\n<\/p>\n<div data-component-title=\"c-content-text\" data-ds-id=\"7e966d12-898c-4c8c-92d2-99ae0d58044c\">\n<p><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.gov.uk\/government\/publications\/code-of-practice-9-where-hmrc-suspects-fraud-cop9\/code-of-practice-9#hm-revenue-and-customs-fraud-investigation-service--code-of-practice-9\">Code of Practice 9 (COP9)<\/a> gives taxpayers the opportunity to admit tax fraud and pay tax they owe, plus any related penalties. In return, HMRC will not pursue a criminal investigation into the behaviour the taxpayer discloses. The refreshed COP is part of a wider push to re-establish COP9 as HMRC\u2019s primary civil investigation tool in tackling tax fraud.<\/p>\n<p>The updated COP9:<\/p>\n<ul>\n<li>makes it clear to the recipient that the contractual disclosure facility (CDF) is the way to take advantage of the COP as an alternative to a criminal investigation; and<\/li>\n<li>resets the terms of the CDF contract to make sure the recipient is clear on exactly what they are signing up to, HMRC\u2019s expectations throughout the investigation, and the serious consequences of their non-compliance.<\/li>\n<\/ul>\n<p>New sections added to the COP:<\/p>\n<ul>\n<li>emphasise the different circumstances when a COP9 case can escalate to a criminal investigation and ultimately to prosecution;<\/li>\n<li>clarify when COP9 can cover fraud in respect of HMRC functions not involving tax; and<\/li>\n<li>set out what HMRC can do if the COP9 recipient rescinds their admission of deliberate behaviour after they have accepted the CDF offer.<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<\/div>\n<div data-component-title=\"c-content-callout-information\" data-ds-id=\"71e55dbe-6e3f-4712-8c83-3037b0a9c6e4\">\n<p>ICAEW&#8217;s Tax Faculty is recognised internationally as a leading authority and source of expertise on taxation. The faculty is the voice of tax for ICAEW, responsible for all submissions to the tax authorities. Join the Faculty for expert guidance and support enabling you to provide the best advice on tax to your clients or business.<\/p>\n<p>        <!-- .c-link-list --><br \/>\n        <!-- .c-link-list --><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.icaew.com\/insights\/tax-news\/2023\/jun-2023\/hmrc-publishes-revised-code-of-practice-9\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] HMRC has updated its code of practice that provides taxpayers with an opportunity to bring their UK tax affairs up to date on a civil basis, as opposed to criminal basis. Code of Practice 9 (COP9) gives taxpayers the opportunity to admit tax fraud and pay tax they owe, plus any related penalties. In [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[551,26,605,402,604],"_links":{"self":[{"href":"https:\/\/magnumaccountancy.com\/wp-json\/wp\/v2\/posts\/3616"}],"collection":[{"href":"https:\/\/magnumaccountancy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magnumaccountancy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magnumaccountancy.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/magnumaccountancy.com\/wp-json\/wp\/v2\/comments?post=3616"}],"version-history":[{"count":1,"href":"https:\/\/magnumaccountancy.com\/wp-json\/wp\/v2\/posts\/3616\/revisions"}],"predecessor-version":[{"id":3617,"href":"https:\/\/magnumaccountancy.com\/wp-json\/wp\/v2\/posts\/3616\/revisions\/3617"}],"wp:attachment":[{"href":"https:\/\/magnumaccountancy.com\/wp-json\/wp\/v2\/media?parent=3616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magnumaccountancy.com\/wp-json\/wp\/v2\/categories?post=3616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magnumaccountancy.com\/wp-json\/wp\/v2\/tags?post=3616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}