HMRC Is Shite

HMRC Is Shite
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.

Wednesday, 30 July 2014

Business Records Checks - Pissing In The Wind


Following on from my article on Monday about 73% of HMRC's business records checks being fruitless, a loyal reader has advised me of the following:
"Last September I submitted a client company's corporation tax return with the following additional information on it:

1. In our opinion the quality of the accounting records was below the Companies Acts requirements.

2. We were unable to assess the level of closing debtors and creditors.
We are just about to submit this year's return and will have to include the same note again.

Interestingly HMRC have done SFA to check the company's records.
"
You can lead a horse to water, but you can't make him drink!

Tax does have to be taxing.

Professional Cover Against the Threat of Costly TAX and VAT Investigations

Insurance to protect you against the cost of enquiry or dispute with HMRC is available from several sources including Solar Tax Investigation Insurance.

Ken Frost has negotiated a 10% discount on any polices that may suit your needs.

However, neither Ken Frost nor HMRCISSHITE either endorses or recommends their services.

What is Solar Tax Investigation Insurance?

Solar Tax Investigation Insurance 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 Solar Tax Investigation Insurance



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"

1 comment:

  1. Not surprised. You have to understand how HMRC is set up wrt compliance activity. In my experience most enquiry work is now project/task force driven, RIS would not pick up a solitary case like this. In fact and again this is based on my experience they cannot find enough CT evasion cases for my office, hence I spend some of my time looking/researching suitable cases, which RIS can't find. What a waste of resource. What a way to run a department.

    ReplyDelete