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Tax Tip

Compliance Checks to be Trialled in Southampton. 20/05/2011

HMRC (HM Revenue and Customs) is to trial a new system of compliance checks for enquiries across a range of different taxes.

The tax office claim the new system will be standardised and easier to comply with, and will be for a six months period, commencing from June 1st 2011. It will be run in ten different locations across the UK, Southampton, Cardiff, Belfast, Reading/Slough, Newcastle, Warrington, York, Exeter, London Euston and Edinburgh/Dundee.

Subject to a successful trial, the new system will be rolled out nationally from the beginning of next year.

David Gauke, exchequer secretary to the Treasury, said: "We know that businesses find some of HMRC's current compliance practices drawn out and costly. A single compliance process could help HMRC improve the experience and reduce costs."

If you need any help and advice on this or a similar matter don’t hesitate, contact Lavinia Newman, Stuart Coleman or Tonmoy Kumar NOW to discuss how ABDS can help in all your financial planning and business advice.

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