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Business Record Checks are HMRC’s way of ensuring that your tax returns are accurate.
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We found this quick but fairly in-depth guide aimed at self employed business owners about how to set-up a successful record-keeping system for VAT.
Guiding you through some of the basic steps involved, length of time to keep records for
Businesses are being urged to keep all their records up to date following news that HMRC charged a large penalty to a company who had failed to notify them of a change of name.
This has motivated the Forum of
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 …