I recently wrote that HMRC have placed on hold their plans to carry out business records checks on SMEs. Additionally they have also decided to exclude practices from any future checks, as and when the scheme is relaunched.
However, it seems that their own records may be a tad disorganised. Accountancy Age reports that Abbey Tax submitted a Freedom of Information request (FoI):
"How many accountancy firms have been subject to a business record check?"
HMRC were unwilling/unable to provide an answer.
The reason, if HMRC is to be believed, is that it would cost more than £600 to go through the data.
Does this mean that HMRC do not have decent records that are easy to analyse and access?
This being the case, should HMRC not get its own house in order first before subjecting SME's to business records checks?
Tax does have to be taxing.
UK EXPATS: Reduce tax on UK Pensions
HMRC QROPS provider. Unlock your UK pension and access a 25% lump sum today.
Quote ID code "ABC" when contacting a QROPS specialist.
Professional Cover Against the Threat of Costly TAX and VAT Investigations
What is TAXWISE?
TAXWISE is a tax-fee protection service that will pay up to £75,000 towards your accountant's fees in the event of an HM Revenue & Customs full enquiry or dispute.
To find out more, please use this link Taxwise
Tax Investigation for Dummies, by Nick Morgan, provides a good and easy to read guide for anyone caught up in an HMRC tax investigation. A must read for any Self Assessment taxpayer.
Click the link to read about: Tax Investigation for Dummies
HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"
No comments:
Post a Comment