HMRC investigations can take very many forms and there is clearly every good reason to cooperate and provide accurate responses to HMRC’s questions. However, it is not always in taxpayer’s interests to answer every question that HMRC might ask. HMRC’s information powers are circumscribed and there is nothing wrong with taxpayers insisting upon their strict legal rights and limiting what they provide to what HMRC would be entitled to if they used their formal legal powers. Some of the restrictions on HMRC’s powers are less well known than others.
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HMRC investigations can take very many forms and there is clearly every good reason to cooperate and provide accurate responses to HMRC’s questions. However, it is not always in taxpayer’s interests to answer every question that HMRC might ask. HMRC’s information powers are circumscribed and there is nothing wrong with taxpayers insisting upon their strict legal rights and limiting what they provide to what HMRC would be entitled to if they used their formal legal powers. Some of the restrictions on HMRC’s powers are less well known than others.
If you are not a subscriber, subscribe now to read this content.
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