Breaking the rules - How do people get away with it.

[Andy Hallett]

Kind of yes and no. You can get cash rewards depending on the amount of tax recovered for dobbing people in. 72000 have done it in the last 12 months.

HMRC tax evasion hotline receives 72,000 calls - FT.com

The amount of moody schemes I knock back, this could net me a small fortune.

[Old Greg]

I had a contractor colleague who had been claiming for the same daily journey for 4 years. He knew about the 24 month rule but was claiming 'because I want to'.

[CloudWalker]

I all comes down to "Can you prove It's a genuine Business expense if (when) your investigated?"
If you think your company needs 2 Alienware Laptops with GTX 780ti then fill your boots!

[northernladuk]

NLUK is havin' a larf...

Kind of yes and no. You can get cash rewards depending on the amount of tax recovered for dobbing people in. 72000 have done it in the last 12 months.

HMRC tax evasion hotline receives 72,000 calls - FT.com

[cojak]

NLUK is havin' a larf...

[Tomo1971]

Look up their company names on a company check site and dob them in to HMRC. You'll get a percentage of the recovered tax.

No, wouldnt do that.

MP's fiddled their expenses for many years and just got a slap on the wrist.... whats good for the goose ;-)

[SueEllen]

Look up their company names on a company check site and dob them in to HMRC. You'll get a percentage of the recovered tax.

[northernladuk]

Look up their company names on a company check site and dob them in to HMRC. You'll get a percentage of the recovered tax.

[Tomo1971]

As a director you have a legal responsibility to run your finances properly. Your accountant only provides you a service. You sign the paperwork to say its correct. Just because you have an accountant doesn't mean you are in the clear. It's your responsibilty to make sure things are right and proper. Wholly and exclusively for the business is a pretty simple concept and pleading ignorance won't work. Am sure the accountants will get in to a lot of trouble as well but don't think for a minute its not your problem.

Totally agree NLUK....

As i said, already have the EBT thing hanging over my head so not even tempted to try and fiddle anything Ltd Co wise, just not worth the risk, however small that risk is.

[northernladuk]

Oh yeah... And don't listen to other contractors. Lying toss pots the lot of em.