What HMRC is likely to ask
There’s a pretty standard set of questions that the inspector will ask at interview. These are mostly designed to undermine the records you’ve kept and so allow them to make a demand for tax on missing income/profits or over-claimed expenses. So how should you prepare for such an interview?
Guidelines
If you attend an interview, the inspector should start by explaining that they will ask questions and take notes on your answers. It’s best to answer all questions truthfully but not to elaborate. If the inspector wants the detail they can ask. Use our guide to What HMRC is Likely to Ask to help prepare for your interview.
Related Topics
-
Budget 2025: the key announcements
The Chancellor announced many changes to the tax system, with some coming into effect immediately and others in several years. What are the headline changes?
-
Static company car advisory fuel rates
The amount that employers can reimburse staff for business travel in company cars from 1 December 2025 has been announced. What's changing?
-
Extracting property from your company
As your retirement date is fast approaching, you’re looking to sell your company, but you want to keep the property it owns. A friend said you can buy the property from the company, but what are the tax consequences and is there a better option?