Seems like I may be in for some taxing trouble due to a span of indiscretion in my past. Employees (and ex-employees) of this company are having last year's tax returns queried through a surprisingly pleasant letter from HMRC. The company paid a reasonable salary and the rest as loans, which are eventually paid off through a complex mechanism involving trusts. It's a small company, especially when compared to companies like MTM and PayScheme Plus.
Anyway, long story short is that I was young and naive, but eventually left them after the whole debacle over offshore/loans/EBTs kicked off with HMRC. And now I have to pay the price.
So, from those of you who have some experience in these matters, what do I have to look forward to during this investigation?
Anyway, long story short is that I was young and naive, but eventually left them after the whole debacle over offshore/loans/EBTs kicked off with HMRC. And now I have to pay the price.
So, from those of you who have some experience in these matters, what do I have to look forward to during this investigation?
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