I have just received a letter from the INVAND revenue saying that i did not declare interest income on my 2006-2007 tax return. They have now asked me for a list of all bank accounts that i held during this period. They have also asked for certificates confirming the interest received during this period.
Is this something to be worried about? The letter states that they hold information which suggest I should have paid tax. Can the IR see what I have in my bank account?
Has anyone else experienced something similar to this before and what was the outcome.
Thanks again.
Is this something to be worried about? The letter states that they hold information which suggest I should have paid tax. Can the IR see what I have in my bank account?
Has anyone else experienced something similar to this before and what was the outcome.
Thanks again.
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