Business Records Checks – LITRG comments
HMRC have announced their intention to implement a new series of checks, looking at tax records kept by those in business – ‘Business Records Checks’. LITRG supports this idea in principle, but with a view to the checks being primarily an educative rather than punitive process.
It is in those terms that we frame our response to HMRC’s consultation on the process and we stress that the checks should consider how the taxpayer might be supported both to pay the right tax, and to claim their entitlementsin full (in tax terms and HMRC-administered benefits).
The consultation document can be found on the HMRC website.
LITRG response can be found by using the link.
Contact : Kelly Sizer (please use form at http://www.litrg.org.uk/ContactUs)