What happens about Income Tax, Capital Gains Tax and Corporation Tax checks underway when the law changes?
In a long running enquiry it will usually be the case that any access to business records that is necessary will have taken place under the old powers. The new powers will not be used to seek information or documents that were required before they applied but that HMRC were unable to get under the previous powers. The aim will be to conclude as many enquiries as soon as possible. It is not considered that HMRC will have anything to gain by postponing closure so that specific directions to that effect are probably unnecessary.
Related Questions
- What if something happens that changes my familys application information based on the most recent tax year, or my family has had unusual expenses in the last year?
- What happens about Income Tax, Capital Gains Tax and Corporation Tax checks underway when the law changes?
- What happens about VAT or PAYE visits underway when the law changes?
