HMRC has put its business records checks programme on hold until a ‘revamped’ approach is launched ‘early in the 2012/13 financial year’.
A review of the pilot programme found ‘clear evidence that it is effective in improving record-keeping practices in smaller businesses’. But it recommended more targeted checks linked to education and support, HMRC said.
The pilot of checks on SMEs’ statutory business records began last April. ‘Up until 4 January 2012, 2,437 business records checks had been carried out. These found that 28% of those businesses visited had some issue with their record keeping, and an additional 11% had issues serious enough to warrant a follow-up visit.’
HMRC has put its business records checks programme on hold until a ‘revamped’ approach is launched ‘early in the 2012/13 financial year’.
A review of the pilot programme found ‘clear evidence that it is effective in improving record-keeping practices in smaller businesses’. But it recommended more targeted checks linked to education and support, HMRC said.
The pilot of checks on SMEs’ statutory business records began last April. ‘Up until 4 January 2012, 2,437 business records checks had been carried out. These found that 28% of those businesses visited had some issue with their record keeping, and an additional 11% had issues serious enough to warrant a follow-up visit.’
