Commentary

A6.316 Introduction to information and inspection powers

Administration and compliance

A6.316 Introduction to information and inspection powers

Information and inspection powers under Finance Act 2008

A6.316 Introduction to information and inspection powers

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:

  1.  

    •     records to be kept and the requirement to make them available (see A6.204)1

  2.  

    •     power to obtain information from the taxpayer and third parties (see A6.610–A6.614)2, and

  3.  

    •     inspection powers (see A6.620–A6.624)3

  4.  

    •     time limits for assessment (see A4.320)4

The new regime replaces not only the self-assessment information powers5

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