The following Value Added Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
This guidance note provides an overview of the main HMRC powers in connection with the requirement for taxable persons to produce information and documents required by HMRC. This note should be read in conjunction with the HMRC powers - Part II guidance note.
HMRC’s powers to obtain information and documentation from a taxpayer were amended significantly by FA 2008, Sch 36 which became law on 1 April 2009.
An HMRC officer may serve a notice on a taxpayer or a third party (eg the taxpayer’s accountant or his business’ customers) requiring the production of information or documents that are reasonably required to check the taxpayer’s tax position. HMRC may still make an oral request for information or documents but such a request is not enforceable until formalised by a written notice (known as an ‘information notice’). An information notice has the effect of legally requiring a taxpayer to provide the information or documents requested.
There are four types of information notices:
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