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:
HMRC's director of local compliance, Richard Summersgill, said:
"Good record-keeping helps businesses pay the right amount of tax at the right time, thereby potentially avoiding interest and penalties.
Adequate records give businesses a clear idea of their trading position and profitability, allowing them to make business decisions and adjustments to ensure survival and success.
And where a check has shown a business keeps adequate records, it gives HMRC a greater degree of assurance as to the likely accuracy of its tax returns."
Tax does have to be taxing.
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What they realy mean is the workload is far to much for them.
ReplyDeleteSo their having to scale it back.
Another example of HMRC massaging the figures, what with the 2000 'new' tax inspectors. Expect the Staff survey to go the same way. EXCOM can really turn a disaster into a success. Complete bollocks as usual from HMRC
ReplyDeleteHow much?!
ReplyDeleteConsultants
Advisors
White Boards
Pacesetter
Lean
Awards
Sick leave
Legal fees & advice
Ridiculous pay-offs
Performance/bonus pay!
IT
Outside training/facilitation
Travel...
Compensation to "customers"
Outsourcing
Postage
Buildings
Phones
Stolen equipment
Don't know the answer? Neither do I, but I think its about time someone got an answer, don't you?
24 September 2011 21:00
ReplyDeleteYou forgot paper!!!
Nah, they don't need paper, surely, that's what you use IT for in this day and age?
ReplyDelete"UKBA IT costs quadruple"!
ReplyDeleteDidn't the HMRC get rid of some crap managers that way a couple of years ago?
Perhaps the IT "experts" came from the smme batch that signed the HMRC contracts?
HMRC are not training inspectors at the moment so where are they going to magic new ones from? maybe the pacesetter wizard? They are in fact getting rid of staff and dumbing jobs down soon there will be no expertise left
ReplyDeleteIn order to have an alcoholic party in an establishment that ferments and bottles beer one must possess a modicum of ability and a firm understanding of one's "customer" base.
ReplyDeleteIts no good bottling up a good ale if the "customer" desires lager.
If you want to close a tax gap you require "customer" compliance, from all your "customers", especially those that avoid the largest amounts of tax.
Gulliver learnt about the power of the little people.
Sorry, where were we?
Morning all!
ReplyDeleteLet the People Survey commence....