Information and inspection powers under Finance Act 2008A6.316 Information and inspection powers—overviewFinance Act 2008 introduced a common compliance checking structure which provides for a more flexible approach, involving a wide range of checks, that is more geared to different taxpayer behaviours. It provides a framework for: • records to be kept and the requirement to make them available (see A6.204)1 • power to obtain information from the taxpayer and third parties (see A6.610–A6.614)2, and • inspection powers (see A6.620–A6.624)3 • time limits for assessment (see A4.320)4The new regime replaces not only the self-assessment information powers5 which required
Finance Act 2008 introduced a common compliance checking structure which provides for a more flexible approach, involving a wide range of checks, that is more geared to different taxpayer behaviours. It provides a framework for:
• records to be kept and the requirement to make them available (see A6.204)1
• power to obtain information from the taxpayer and third parties (see A6.610–A6.614)2, and
• inspection powers (see A6.620–A6.624)3
• time limits for assessment (see A4.320)4
The new regime replaces not only the self-assessment information powers5 which required
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