Wave + HMRC Investigation: Complete Workflow
Preparing for hmrc investigation and using Wave? 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 Wave's import feature.
BankScan AI → Wave for HMRC Investigation
Convert bank statement PDFs to CSV formatted for Wave 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 Wave
Output as CSV with Date, Description, Amount — Wave supports both single amount column and separate Income/Expense columns — dates in YYYY-MM-DD or MM/DD/YYYY.
Import and use for hmrc investigation
Upload into Wave and use the reconciled data for hmrc investigation.
Supported Banks
BankScan AI works with all major UK and US banks, including:
Wave + HMRC Investigation Features
- Wave ready — Output formatted as CSV matching Wave's expected column structure
- Smart integration — Wave's invoicing is tightly coupled with bank imports — when you import a bank deposit, Wave suggests matching it to outstanding invoices automatically.
- 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 Wave
After converting your bank statements for hmrc investigation:
- In Wave, go to Banking > Connected Accounts > Upload a bank statement (CSV)
- Select the file, map columns to Date, Description, and Amount, then import
Common Import Issues
Wave's free tier has occasional processing delays on large files. Also, Wave uses MM/DD/YYYY by default which conflicts with UK DD/MM/YYYY — select the correct format during import.
Wave 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 Wave + HMRC Investigation