David Gauke: On creation of HMRC in 2005 a review of powers, deterrents and safeguards was established to align powers and penalties across various taxes. As a result of this review, Parliament introduced Schedule 36 to Finance Act 2008 which modernised HMRC's information and inspection powers from 1 April 2009. These powers include HMRC's right to visit businesses to inspect premises, assets and records...
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