FreeAgent + HMRC Investigation: Complete Workflow
Preparing for hmrc investigation and using FreeAgent? 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 FreeAgent's import feature.
BankScan AI → FreeAgent for HMRC Investigation
Convert bank statement PDFs to CSV / OFX formatted for FreeAgent 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 FreeAgent
Output as CSV / OFX with Date, Description, Amount (single column) — FreeAgent also accepts OFX files which skip the column mapping step entirely — dates in DD/MM/YYYY.
Import and use for hmrc investigation
Upload into FreeAgent and use the reconciled data for hmrc investigation.
Supported Banks
BankScan AI works with all major UK and US banks, including:
FreeAgent + HMRC Investigation Features
- FreeAgent ready — Output formatted as CSV / OFX matching FreeAgent's expected column structure
- Smart integration — FreeAgent automatically estimates your tax bill in real-time as transactions are imported, giving sole traders an up-to-date picture of their tax liability.
- 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 FreeAgent
After converting your bank statements for hmrc investigation:
- In FreeAgent, go to Banking > select your account > Import Bank Statement
- Choose CSV or OFX format, upload the file, and FreeAgent will parse the transactions automatically
Common Import Issues
FreeAgent can struggle with CSV files that have extra header rows or summary rows at the bottom. Ensure only transaction data rows are included.
FreeAgent 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 FreeAgent + HMRC Investigation