More Tax Investigations on the Way

Now it is a practice of HMRC to visit businesses to check the authenticity of their records. But earlier this year, they were put on hold. However, they are going to restart this process.

The government has made has made their intentions clear to check on the records of businesses as part of its war against tax evaders. But this policy was put on hold in February when HMRC had to suspend its business record checks programme. The bottom line was that it simply wasn’t up to the task, but it promised to restart them after it allocates its resources properly in 2013.

According to the trusted sources HMRC is not going to change its original timetable for recommencing the BRCs. These are scheduled to start soon after April 5 2013. He says the recently updated guidance is simply part of his ongoing programme of improving information to taxpayers, or customers as he likes to call us. So what has changed?

So in 2013, any business can expect a visit from the HMRC’s team to inspect your accounting and tax payment records. Thus, you need to make sure that all your accounting records are kept in a correct manner. If you are in any trouble over your final accounts, VAT or any other tax matter. It is best to get the help of an accountant to sort out the issues.

KVS Accountants are here to help you in the case of all accounting and tax matters. Contact KVS Accountants on 020 7731 6131 for a free no obligation meeting to clarify your doubts. We act as accountants in Fulham, Chelsea, Putney, Wimbledon, Hammersmith, Wandsworth, Battersea and Barnes.

 

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