HMRC data gathering powers clarified

Nearly four years ago the government introduced a set of new rules that HMRC must follow when undertaking a taxpayer compliance check. Finance Bill 2011 will update those rules by specifying what form of notice is required when obtaining information from a third party, how the notice will be complied with, the right of appeal, and penalties for non-compliance.

All of the current rules will be gathered into one Schedule in the single act rather than being spread throughout the various pieces of legislation. 

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