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Press watch: business record checks

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‘HMRC is under fire from tax advisers for starting trials on a new clampdown on bad record keeping by SMEs without telling them. Around 1,200 SMEs are being initially targeted in a programme aimed at checking the records of 200,000 of them over the next four years …

‘The visits were not due to start until July but HMRC decided to introduce what it describes as a “test and learn” trial last month to ensure the criteria tax inspectors use meets the objective of identifying errors and pinpoints areas where tax is underpaid.

‘Protests from the Chartered Institute of Taxation about a lack of consultation over the early start has led HMRC to amend a letter to the targeted businesses to clarify the basis of the trial.’

Daily Telegraph, 19 April