The Tax Break | Taxpayer Information notices
Osborne Clarke.TV Podcasts
English - May 05, 2021 12:43 - 13 minutes - 11.9 MBBusiness Government law legal business update legal briefing corporate commercial consumer Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
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HMRC has the power to issue a notice requiring the provision of documents or information from a taxpayer or third party and there can be penalties for non-compliance (although sometimes a pre-cursor notice is issued instead and less formality is required). It will be key to understand which documents are relevant and reasonably required in order to check the tax position.
In this podcast we give examples of what that means in practice and look at time limits, what to do if you suspect HMRC are conducting a "fishing expedition" and some useful tips on strategy.