A Tax Preparation Specialist has spoken out about the importance of tax compliance, in light of concerning reports regarding tax agents and workers.
The report has claimed that these specific groups are failing to comply with HMRC’s regulations when submitting Self-Assessment tax returns and rebate claims.
David Redfern, Tax Expert and Founder of DSR Tax Claims, has warned workers to ensure that dealings with HMRC remain on the right side of HMRC legislation or face punishing consequences.
David also noted that he was increasingly speaking to potential clients who had been previously badly advised by both professionals and fellow workers by encouraging false or exaggerated information – both in their tax returns and tax refund claims.
Therefore, David is urging people to steer clear of such advice, and warned: “It’s often seen as a soft or victimless crime, a way to increase one’s own bank balance with little harm done but with HMRC’s regulations is far more serious than imagined – not only depriving the UK of necessary tax revenue but also leaving those people at risk of large penalties and fines when HMRC discover the deception, which they do far more often than people realise. HMRC puts much of its resources into investigating and discovering those who are not being honest with their taxes.”
David continued: “While friends very often have the best intentions when they give tax advice, it is in your interests to disregard any advice that suggests that not complying with HMRC legislation is a good idea – after all, they won’t be the ones facing an investigation from HMRC, you will.
“Tax professionals who encourage their clients to bend or fudge the rules reflect badly on the whole industry – responsible tax agents will never encourage client dishonesty due to the very real and serious consequences of those actions”.