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Tax Tip

Communication problems for HM Revenue & Customs (HMRC). 12/01/12

On Tuesday 03/01/12, it was widely reported in the national media that HMRC had responded positively to pressure from both the Federation of Small Businesses and MPs and promised it would only be proceeding with ‘a limited number of Business Records Checks pilots’, whilst a further strategic review takes place.

HMRC was acting after receiving criticism of the burden it has been placing on small businesses with the launch of its Business Records Check initiative, against a backdrop of a sluggish economy and alleged big business ‘sweetheart deals’ with the likes of Goldman Sachs and Vodafone.

However, it has come to the notice of the ABDS Team that not all is as it seems. The Unit at HMRC Coleraine makes the appointments and co-ordinates all of the Business Records Checks across the UK for the 120 dedicated staff and, as far as that office is concerned, it is business as usual.

Even though HMRC sent a document drawing attention to the national statement, it did not instruct that any fewer visits should be booked. The Business Records Checks target is for 12,000 visits to be conducted by the end of this tax year; hardly a ‘limited number’ of ‘pilots’!

It is also understood that a HMRC Head Office team is visiting the Coleraine Unit very soon to see how the Unit is performing and to check on progress towards the target.

We at ABDS will, as always, keep you informed.

ABDS of Southampton For all of your Personal and Corporate Tax Planning.

ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail: abds@netaccountants.net

 

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