New time limits for tax investigations

As of April 2010, the number of years the Taxman can go back to investigate past tax returns has changed.  Below is the new position:

Normal investigation time limit – 4 years for income tax, corporation tax, capital gains tax, PAYE and VAT

Careless mistakes – 6 years for income tax, corporation tax, capital gains tax and PAYE but 4 years still for VAT

Deliberate mistakes – 20 years for income tax, corporation tax, capital gains tax, PAYE and VAT

Further details can be found on the HMRC website.

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