½Û×ÓÊÓƵ

Preparing a response to an HMRC information request

Produced by Tolley in association with
Owner-Managed Businesses
Guidance

Preparing a response to an HMRC information request

Produced by Tolley in association with
Owner-Managed Businesses
Guidance
imgtext

Dealing with a request to check a return

There are several practical pointers that are useful for an adviser to consider when responding to a request from HMRC to check a return. The HMRC opening letter is discussed in the Opening letter to a compliance check guidance note.

As with most requests for advice, the first point that an adviser should consider is whether the engagement letter in place adequately covers the work required or whether a separate engagement is required. Payment terms should also be considered at this point. For example, some advisers may prefer to ask for a payment up front, before they begin handling an enquiry.

It will be unclear at the start of the enquiry how many rounds of correspondence will be entered into and how long the engagement will continue. Consequently, it is usually appropriate to agree a fee for each separate letter. Some clients may also have tax investigation fee insurance, and the policy should be consulted at the outset to verify

Continue reading the full document
To gain access to additional expert tax guidance, workflow tools, and tax research, register for a free trial of Tolley+â„¢
Powered by

Popular Articles

Carried-forward losses restriction

Carried-forward losses restrictionOverview of the carried-forward loss restrictionAn important restriction in the use of losses carried forward was introduced by Finance (No 2) Act 2017. Subject to a de minimis of £5m (known as the deductions allowance), most carried-forward losses are restricted to

14 Jul 2020 11:09 | Produced by Tolley Read more Read more

Married couple’s allowance

Married couple’s allowanceThe married couple’s allowance (MCA) is only available if one of the two spouses or civil partners was born before 6 April 1935. This means that one member of the couple must be at least 89 years old on 5 April 2024 to qualify for an allowance in the 2023/24 tax year.There

14 Jul 2020 12:13 | Produced by Tolley Read more Read more

Overseas property businesses for companies

Overseas property businesses for companiesOverviewReal estate income is generally taxed where the property is located; the UK tax treaties generally allow the jurisdiction where the land is located to tax income from the land.Therefore, a UK company with overseas property may be subject to tax in

14 Jul 2020 12:22 | Produced by Tolley in association with Rob Durrant-Walker of Crane Dale Tax, part of AMS Group Read more Read more