Fair exchange?

Harriet Brown considers HMRC’s information powers in an international context

HMRC have extensive information powers. These are contained primarily within Finance Act 2008, Schedule 36. These information powers are important for a number of reasons, not least because they allow HMRC to obtain information that facilitates tax collection within the UK. These allow HMRC to obtain information not only from taxpayers but also from third parties. They are discussed in ‘On or off the record?’ by George Gillham and Hartley Foster, Tax Adviser, 1 May 2017.