New Investigation powers for HMRC
The discovery powers were overhauled last in 2008, the big change is the Case of HMRC v Jason Wilkes 2021 involving the high-income child benefit charge.
What has happened is that new rules have come which removed a loophole but highlighted loopholes in the legislation, so expect more Discovery Assessment in the future on all taxes.
The important message is to keep your affairs up-to-date and compliant.
If you need advice or help contact [email protected]