HMRC investigating 20 years of your financial affairs on table under John Healey

NewsCost Of LivingHMRCHMRC is consulting10:28, 03 Aug 2026HMRC could be allowed to check 20 years' worth of your financial records in a change under the Labour Party government. HMRC is consulting on proposals that could significantly increase penalties for taxpayers who fail to correct mistakes on their tax returns.‌Under the changes, HMRC - which is overseen by Chancellor John Healey as head of HM Treasury - would be able to treat an uncorrected error as “deliberate” if a taxpayer failed to amend it within a specified period following a formal notification.‌The consultation was launched just before Andy Burnham became Prime Minister, but any changes would be implemented under his government, including Mr Healey.‌READ MORE Andy Burnham has £37 plan for roads in England from January 2027Th