Coconut + HMRC Investigation: Complete Workflow
Preparing for hmrc investigation and using Coconut? HMRC investigations can request years of bank statements. Converting these to analysable data is critical for responding quickly and accurately. BankScan AI bridges the gap between your bank's PDF statements and Coconut's import feature.
BankScan AI → Coconut for HMRC Investigation
Convert bank statement PDFs to CSV formatted for Coconut import. Batch-convert multiple years of bank statements to structured spreadsheets for HMRC enquiry responses, voluntary disclosures, and tax investigation defence.
How It Works
Upload your bank statement PDF
Supports all major banks. Upload Typically 3-6 years, but HMRC can request up to 20 years in cases of deliberate fraud or failure to notify of statements.
AI formats for Coconut
Output as CSV with Date, Description, Amount — Coconut accepts a single amount column with positive for income and negative for expenses — dates in DD/MM/YYYY.
Import and use for hmrc investigation
Upload into Coconut and use the reconciled data for hmrc investigation.
Supported Banks
BankScan AI works with all major UK and US banks, including:
Coconut + HMRC Investigation Features
- Coconut ready — Output formatted as CSV matching Coconut's expected column structure
- Smart integration — Coconut auto-categorises imported transactions by comparing them against your existing Coconut transaction categories, learning your categorisation preferences over time.
- Built for HMRC Investigation — Batch-convert multiple years of bank statements to structured spreadsheets for HMRC enquiry responses, voluntary disclosures, and tax investigation defence.
Import for HMRC Investigation into Coconut
After converting your bank statements for hmrc investigation:
- In Coconut, go to Transactions > Import
- Upload the CSV from BankScan AI to bring in transactions from external bank accounts alongside your Coconut banking data
Common Import Issues
Coconut is primarily a banking app — the import feature is designed for bringing in transactions from non-Coconut accounts. Large file imports may time out on mobile.
Coconut Import for HMRC Investigation
HMRC typically allows 30-60 days to respond to an Information Notice; failure to comply can result in daily penalties of 300 GBP or tax tribunal referral
Convert for Coconut + HMRC Investigation