Despite being widely criticised for unfairly targeting 12,000 smaller businesses HMRC
have announced that they will continue with their controversial business records checks.
Whilst HMRC initially emphasised the educational aspect of their business records checks
the reality is that they are compliance checks that can result in the collection of additional taxes.
Marshall Smalley Accountants advise all clients that it is essential to take advice from the outset
to ensure businesses are properly prepared before a business records check takes place and manage the whole process as far as possible.
So if you receive a letter from saying they would like to arrange a visit make sure you
take advice before acting.
Monday, 9 January 2012
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