Partner Jessica Parker has written an article for Bloomberg Tax looking at how a taxpayer should respond to a demand for documents from HM Revenue & Customs, when investigating tax fraud.
HM Revenue & Customs (HMRC) received 5 billion pounds ($6.4 billion) in revenue from civil and criminal tax fraud investigations in 2018. Investigations into fraud are big business for HMRC and HMRC take them seriously.
If they believe that a person or business has information which is relevant to their investigation they have powers to compel them to hand over that material. These requests can be time-consuming for an individual or business to comply with and often create tension between the recipient of the notice and the subject of the investigation, who are generally connected either as employee or client.
To read the full article in Bloomberg Tax, please click here