The details provided by the taxpayer in response to an information notice were insufficient to comply with the notice, and further information was reasonably required by HMRC for the purpose of checking the taxpayer’s tax position.
HM Revenue and Customsâ¯(HMRC) carried out an investigation into the tax return of a company wholly owned by the appellant.â¯During HMRC’s investigation, it was noted the appellant had received payments of over £120,000 into his bank account, which did not come from his wholly owned company.
HMRC started an investigation into the appellant’s tax affairs.â¯He was asked to provide personal and company bank statements for a period in 2014 to 2015 with an explanation of the entries.â¯The appellant eventually did so.â¯HMRC then commenced an
