Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

New queries - issue 4194 (19 Feb '09)

17 February 2009
Issue: 4194 / Categories: Forum & Feedback
HMRC enquiry into tiny offshore account; Self-employed lecturer’s travel expenses; Offsetting charges; Non-domiciled client’s offshore income

Extra enquiry

I wonder if Taxation readers could provide some advice with regards to the following scenario.

I deal with the accounts and taxation affairs of a reasonably-sized family company and also with the taxation affairs of the company director. I recently received a notice of enquiry from HMRC into the company’s 2007 accounts.

At the same time HMRC have requested information relating to the director’s tax returns for the last six years.

This came as a shock as I thought that the company accounts needed to be ‘broken’ before HMRC could move on to a director’s tax affairs.

On enquiry to HMRC it transpires that they hold information that the director had an offshore bank account and that they had sent a general letter to him some time ago stating that they had information relating to this but had not received a reply.

Discussing this with...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

back to top icon