Mark McLaughlin outlines the type of information and documentation a taxpayer is obliged to hand over if HMRC issues them with an information notice.
Taxpayers generally prefer not to be contacted by HM Revenue and Customs (HMRC); after all, it is seldom good news when this happens!
Information notices
It is not uncommon for HMRC to issue a notice requiring a taxpayer to provide information or produce documents which HMRC considers are ‘reasonably required’ to check the return (FA 2008, Sch 36, para 1).
Taxpayers have a general right of appeal against HMRC’s information notices. However, there is no right of appeal if the information or document forms part of the taxpayer’s statutory records.
So, what are ‘statutory records’?
