We have recently received a letter from HMRC enquiring into a 2007/08 SA return. The basis for the enquiry is that our client was stopped at a UK airport July 2007 with £13k cash when leaving the country. The inspector is now questioning the source of the funds and the absence of any bank interest. Is he out of time as they were aware of the issue July 2007, the return was submitted on time but the enquiry letter raised 13.03.12.
Many thanks for any thoughts.