My thanks to a loyal reader who has advised me that there may be issues wrt DEC.
Who, why, or what is DEC?
DEC is a centralised IT system used by HMRC's Counter Avoidance Division. In theory it is meant to bring together all demographic, legal, tax and historic information on tax avoiders.
I am advised that the DEC system has now cost £40 million. Unfortunately it does not work terribly well, if at all.
I understand that much of the key documentation around avoidance cases sent to Counter Avoidance, from local HMRC offices from inspectors told to drop and transfer cases to Counter Avoidance, has disappeared (been lost).
The value of these lost cases in terms of tax revenue is, so I understand, £2BN.
I would be interested to hear more details about DEC, please feel free to email me on an anonymous basis.
Tax does have to be taxing.
Professional Cover Against the Threat of Costly TAX and VAT Investigations
Insurance to protect you against the cost of enquiry or dispute with HMRC is available from several sources including Solar Tax Investigation Insurance.
Ken Frost has negotiated a 10% discount on any polices that may suit your needs.
However, neither Ken Frost nor HMRCISSHITE either endorses or recommends their services.
What is Solar Tax Investigation Insurance?
Solar Tax Investigation Insurance is a tax-fee protection service that will pay up to £75,000 towards your accountant's fees in the event of an HM Revenue & Customs full enquiry or dispute.
To find out more, please use this link Solar Tax Investigation Insurance
HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"