Value Added Tax

HMRC powers ― Part II

Produced by Tolley
  • 22 Dec 2021 18:45

The following Value Added Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:

  • HMRC powers ― Part II
  • Tax agents
  • Data gathering powers
  • Visits by HMRC
  • Access to recorded information and computer records
  • Recorded information
  • Computer records
  • Inspecting premises
  • Power to make businesses keep documents
  • Power to take samples
  • More...

HMRC powers ― Part II

This guidance note provides an overview of the powers that can be used by HMRC and will link to other guidance notes where more information can be found. This note should be read in conjunction with the HMRC powers ― Part I guidance note.

Tax agents

HMRC has the power to obtain documents from tax agents who have been engaging in dishonest conduct. HMRC also has the power to impose penalties and publish their details. Criminal penalties can also be imposed on dishonest tax agents as well.

HMRC can issue a ‘file access notice’ that requires the tax agent or other person to produce relevant documents that HMRC believes to be in their possession. The person issued with the notice will be referred to as the ‘document holder’.

A file access notice may require the production of specified relevant documents, or all relevant documents in the document-holder's possession or power. The notice does not need to identify the tax agent’s specific client, but if it is addressed to someone other than the tax agent, the name of the tax agent must be quoted. The notice may specify that documents must be reasonably provided by a certain date, in a certain format and delivered to specific individuals at a specific place. Copies of the documents specified will normally suffice if HMRC has not specified that it requires the originals. HMRC may take copies or extracts of any documents provided under a file access notice. HMRC is also entitled to

Access this article and thousands of others like it
free for 7 days with a trial of TolleyGuidance.

Think Tax.
Think Tolley.

Critical, comprehensive and up-to-date tax information


Popular Articles

Capital vs revenue expenditure

Capital vs revenue expenditureExpenditure of a capital nature is not allowed as a deduction when calculating trading profits. Expenditure of a revenue nature is allowable, provided there is no specific statutory rule prohibiting a deduction and the expenditure also satisfies the wholly and

25 Oct 2021 07:01 | Produced by Tolley Read more Read more

Qualifying year for state pension purposes

Why is this important?In order to get a full basic state pension, an individual must have paid sufficient national insurance contributions (NIC) for a minimum number of qualifying years in their working life. As NIC cannot be paid in the tax year before the individual reaches the age of 16, or in a

23 Nov 2021 16:11 | Produced by Tolley Read more Read more

Taxation of dividend income

IntroductionA dividend is a distribution of profit by a company to its shareholders.A dividend is not only a payment in cash. It can be the issue of new shares in exchange for forfeiting the right to a cash payment (a stock dividend). For more detail, see the Cash dividends and Non-cash dividends

09 Nov 2021 11:31 | Produced by Tolley Read more Read more