Ethics etc.

Question 1

by when do hmrc have to make clear their intention to make an enquiry into tax affairs?

Answer 1

a year after submission date OR the quarter day following anniversary of submission date (if filed late), quarter dates are 31/Jan 30 Apr etc

Question 2

what happens if you don’t make a tax return at all

Answer 2

hmrc determine your tax and they must do this within 3 years of filing date

Question 3

what happens if hmrc discover that full disclosure was not made?

Answer 3

they can do a ‘discovery assessment’ if this was completely innocent the non-full disclosure they have 4 years to do so. if it is carless then they have 6 years and if it is due to deliberate behaviour then thay have 20 years to make a asesss

Question 4

how long do taxpayers have to appeal against assessmemts?

Answer 4

30d

Question 5

which of an inspection or information notice can you appeal against>

Answer 5

information

inspection carried out at any reasonable time if given 7d notice or inpection by or approved by authorised hmrc officer

Question 6

how much can hmrc take directly fromyour bank>

Answer 6

£1k - IF taxpayer is aware debt is due, has time to object and has at least £5k left in bank

Question 7

what is the civil penalty for dishonest conduct by a tax agent

Answer 7

£5k-£50k