HMRC’s new powers to demand tax

New rules are being introduced to allow HMRC to issue enforceable tax assessments. The new rules say that HMRC can base the new type of assessment on information it receives from you or other sources, e.g. your company, bank etc. HMRC will use the new style assessments from July 2016. It will be done in situation where HMRC thinks that you owe tax which isn’t covered by self-assessment.