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Dedicated to the taxpayers of Britain, and the employees of Her Majesty's Revenue and Customs (HMRC), who have to endure the monumental shambles that is HMRC.
Monday, 6 February 2012
HMRC Backtracks On SME Spot Checks
In January I wrote:
"The New Year is upon us, and already HMRC has been flayed by certain MPs and the Federation of Small Business (FSB) for harassing small businesses.
The cause of the outpouring of ire are the plans drawn up by HMRC for conducting spot checks on the paperwork, going back several years, of up to 20,000 firms as from April.
Ironically, as per an article I wrote in September, the original target was 50,000:
" HMRC have reduced their target for checking business records down from 50,000 to 20,000.
However, for reasons best known to HMRC, they are describing this reduced target as an "extension" of the scheme.
For good measure they also claim that the record checks are in the businesses best interests .."..."
I also noted that HMRC "appear to be backtracking on the plans."
Well blinkey blonkey blimey, here we are in February and lo and behold HMRC have indeed backtracked on the plans.
Following the public drubbing of the scheme, HMRC will now postpone making new appointments to check firms’ records until early in the 2012/13 financial year. In the meantime, HMRC will attempt to implement the recommendations of the review into this tainted and ill thought through scheme.
Let's see how that goes then!
Tax does have to be taxing.
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