HMRC powers and enquiries

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FORTHCOMING CHANGES relating to consultations and other developments in respect of (1) reforming information powers and modernising computer records law, (2) discovery assessment time limits and the correction of errors, (3) HMRC’s third-party data-gathering powers and the introduction of standing obligations to provide data, and (4) the proposed introduction of a criminal offence for making reckless untrue statements or declarations in direct tax:

(1) On Legislation Day, 13 July 2026, the government published draft legislation for inclusion in Finance Bill 2027 (also known as Finance Bill 2026–27) containing proposed measures updating HMRC’s civil information and inspection powers in Schedule 36 to the Finance Act 2008 (FA 2008) and FA 2008, s 114 which currently deals with computer records. This development followed a call for evidence launched in 2023, a summary of responses to that call for evidence published at Spring Statement 2025 (as Annex C to a consultation entitled ‘Better use of new and improved third-party data to make it easier to pay tax right first time’) and the announcement at Tax update 2026 that a package of reforms would be brought forward....

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