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When HMRC knocks
Key points
- HMRC is restarting in-person business checks on business premises post-lockdown.
- For announced visits HMRC is required to give at least one week’s notice to the client of any proposed business check.
- For an unannounced visit it is possible to suggest alternative times to HMRC but attempting to put the check off for a long period of time will likely be considered obstruction.
- To minimise the risk of a business check from HMRC ensure that any ‘odd’ transactions or unusual activity are explained in the white space of the tax return.
- The taxpayer should not conceal or destroy documents that they know have been requested by HMRC.
- The key is maintaining dialogue between the adviser the client and HMRC.
HMRC business checks did continue to some extent over the past 18 months. However between the Covid-19 safety measures and the fact that...
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