HMRC Records Checks to Continue

HMRC Records Checks to Continue

HMRC records checks are to continue with their controversial business records checks (BRCs) after admitting they were reviewing the scheme following criticism that small companies were being unfairly targeted.

An HMRC statement said it will “examine whether the current approach is the best way of achieving the policy objectives, and identify what changes are needed to ensure that the objectives are achieved.”

However, the same amounts of visits are planned as before the review was announced.

Abbey Tax policy advisor Guy Smith said: “HMRC seems to be playing a game of smoke and mirrors. On one hand it is saying it is listening and limiting the number of BRCs to ease the burden on SMEs, but on the other hand its national BRC unit in Coleraine is carrying on as normal.”

Ricky Steedman

Ricky worked as an Investigator in the Inland Revenue for over 20 years before founding Steedman & Company in 1987, giving him the experience and knowledge that enabled him to help so many clients over the years.

His appearance on a Channel 4 television programme about the inside workings of Revenue and Customs was watched by 4.1m which sealed his status as one of the most highly respected tax consultants to ever work in Scotland.

Ricky led all tax investigation and COP 9 cases, using his extensive knowledge to help people reach a positive resolution to their situation.

Ricky passed away suddenly and unexpectedly in June 2022 after leaving his indelible mark on the company he founded and headed for over 35 years.