WHAT DOES AN IRD REQUEST FOR MORE INFORMATION LETTER LOOK LIKE

Here are two usful pages to get a clear picture on IRD Requests for More Information.

WHEN THE IRD WANTS MORE INFO! 

This article explains that the Inland Revenue Department (IRD) has increased direct requests for detailed expense breakdowns due to a heightened compliance focus on the property sector, and suggests AuditShield insurance as a way for honest taxpayers to minimize risk.

“IRD RISK REVIEW” VS IRD “REQUEST FOR MORE INFORMATION” 

This article outlines the escalation process from an initial IRD request for information to a more severe Risk Review or full audit, providing a comprehensive 10-step guide on how to cooperate, organize documentation, and seek professional assistance to manage the situation effectively.

The above link has an example of an IRD Request for More information. This letter may arrive when their systems notice an inconsistency or they require verification for a tax return.

This formal inquiry outlines the specific tax type, period, and figures under review. It is a standard compliance check rather than a full tax audit.

It will contain a checklist detailing exactly what supporting records you must provide. Common requests include bank statements, expense receipts, and profit statements.
 
Receiving this letter is a routine part of tax administration to ensure accurate financial reporting. The most critical step is to review the requested items carefully and organize your source documents to match their checklist. Providing clear, well-labeled files ensures a smoother resolution.
 
Navigating compliance can be complex, so seeking professional guidance ensures your response is accurate and complete. Our expert tax team specializes in managing IRD communications and submitting responses within strict timeframes. Contact us today to ensure your business remains fully compliant.

 

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