Managing serious defaulters programme
If you have been investigated under the Contractual Disclosure Facility (CDF) and Code of Practice 9 (CoP9) then you may be included under the Managing Serious Defaulters programme.
HMRC can monitor any individual or business they consider to be a serious defaulter. A serious defaulter is defined by HMRC as a taxpayer who is:
Any individual(s) or company/business.
HMRC will continue to monitor a taxpayer until they are satisfied that a taxpayer is meeting their tax obligations and they have changed their previous non-compliant behaviour. In all cases this will depend upon the facts but in most cases this will be between 2 and 5 years.
As part of the work I do for my clients where the Managing Serious Defaulters programme may feature, I have been successful in persuading HMRC to keep any such monitoring to an absolute minimum, if it is at all necessary.
If you would like to discuss this matter further, please contact me at paul@pmc.tax or on 07979 313 010.