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Window Cleaning Forum / Re: Tax records
« Last post by Splash and dash on Today at 07:11:16 pm »Well in that case the investigator should be getting investigated for numerous failed investigations🕵️♂️They just look for cheats.
If you aren't cheating you don't need to worry.
They have algorithms largely on expenditure.
If I buy a property or a holiday home and have been declaring 20k a year and claiming benefits they will want to know why.
They will look at the year you bought the property and ask where the income came from.
They will look at your bank accounts.
They aren't worried if you have a receipt for a van MOT twenty years ago. They will just say 'you declared an average of 20k over ten years - how come you have bought XYZ big ticket items in year 7, 12 and 20?'
Again you are very naive if you think that’s how an investigation is carried out , I know several that have had investigations and only one was found at fault , they don’t need to see the original receipt for £ 20 of diesel but if you don’t have your records you can’t show what your expenses were and fight your corner .
Fewer than 1% of investigations lead to prosecution according to HMRC own records

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