Inspection Powers The HMRC are now working to one set of Inspection Powers to use in Enquiries and Investigations. These cover PAYE, VAT, Income Tax, Capital Gains Tax, Corporation Tax and the Construction Industry Scheme. There are also new record keeping requirements, time limits for tax assessments and claims.
HMRC will have power to:
Ask taxpayers and third parties(e.g. your accountant, bank and business contacts) for information and documents.
What does it mean for you the client?
