Business Records ChecksMay 16, 2011 As part of its campaign to encourage small businesses to keep better business records HMRC officers are starting to visit businesses the check the quality of their record keeping. If you receive a business records check appointment letter please let us know ASAP. Although HMRC have said they will not impose a penalty based on the first visit, they could revisit at a later date and charge a penalty of up to £3,000 for inadequate records. Business records checks have started http://www.tax.org.uk/media_centre/LatestNews-migrated/BRCstartearly |
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