The “Corporate Veil” is Thinning: Why HMRC’s 2025 Strategy Targets Directors, Not Just Companies
By Dr. Frank, Senior Partner, LEXeFISCAL LLP If you are a business owner or director operating in sectors like labour supply, payroll, electronics, or green tech, the landscape of tax investigations has shifted beneath your feet. For years, many directors believed that if a supply chain problem arose—specifically regarding VAT or “Missing Trader” (MTIC) allegations—the […]
Top 5 Mistakes to Avoid in Your COP9 Disclosure
Receiving a COP9 letter from HMRC is a serious and stressful situation. Code of Practice 9 (COP9) is issued when HMRC suspects serious tax fraud, but it also gives you a critical opportunity: to make a full, honest disclosure and avoid criminal prosecution. However, many individuals and businesses make costly mistakes during the COP9 process […]
Crypto Gains and COP9: What You Need to Know in 2026
Cryptocurrency has moved firmly into HMRC’s spotlight. In 2026, HMRC has significantly expanded its data-gathering powers, particularly around crypto exchanges, wallets, and offshore platforms. If you have undeclared crypto gains and receive a COP9 (Code of Practice 9) letter, HMRC suspects deliberate tax fraud — not an innocent mistake. This guide explains how crypto gains […]
Maximising Penalty Reductions in Deliberate Behaviour Cases
When HMRC classifies behaviour as deliberate, the financial and legal consequences can be severe. Deliberate behaviour cases often involve substantial penalties, extended investigations, and in some situations, the risk of criminal prosecution. However, penalties are not fixed. With the right approach, it is possible to significantly reduce HMRC penalties, even in deliberate behaviour cases. This […]