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Detective work
Key points
- HMRC needs to ensure that the correct amounts of tax have been paid and it has formal powers under FA 2008 to request information and documents from taxpayers.
- There are only five scenarios where HMRC is able to make an information request under FA 2008 Sch 36.
- HMRC may issue five different types of notice – readers will most commonly see taxpayer notices and third-party notices.
- For practitioners whose clients receive HMRC notices it is advisable that they review each request critically and identify those which fail the test of clarity and precision.
- What does ‘reasonably required’ in FA 2008 Sch 36 para 1 mean?
- Failure to provide the information requested within the set timeframe can lead to financial penalties for non-compliance.
HMRC’s ability to check that a taxpayer has paid the correct amount of tax is critical to the successful operation of our tax...
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