HMRC have recently announced that they have wound down their business record checks and will no longer initiate new checks using this process. HMRC say that they “remain committed to helping businesses to keep better records”.
A HMRC spokesperson said:
“We are honouring commitments made for checks but will not be undertaking any new ones. Best practice from the records checks will be embedded into routine compliance activities.”
He added:
“Our approach to supporting business in meeting their obligations changes over time as technology and the way we use data evolve. Business records checks have successfully helped many businesses to improve their record keeping and over time the checks delivered diminishing returns.
“HMRC remain committed to helping businesses keep better records through online learning packages as well as digital tax accounts which mean businesses can easily interface with HMRC using their own accounting software.”
At the same time HMRC have updated their fact sheet on compliance checks.
HMRC occasionally make unannounced visits to business premises, however they will normally give you at least 7 days notice of such a visit. This can include your home address where the business is run from home. You can ask us to be there when HMRC visit, and we would strongly advise this. If you prefer, we can request that HMRC look at your records at our offices or at HMRC premises.
HMRC do not usually need to talk to people who work for you about their checks but they may ask to speak to the people who keep your records up to date, such as payroll and finance records.
HMRC may also need to speak to some of the people who work for you if they are looking at their employment status and are trying to check whether or not they should be on your payroll.
Contact us if you have any issues or need help:
PJ
☎ 020 89310165 | 📱 07900537459 | ✉ info@apjaccountancy.com
A HMRC spokesperson said:
“We are honouring commitments made for checks but will not be undertaking any new ones. Best practice from the records checks will be embedded into routine compliance activities.”
He added:
“Our approach to supporting business in meeting their obligations changes over time as technology and the way we use data evolve. Business records checks have successfully helped many businesses to improve their record keeping and over time the checks delivered diminishing returns.
“HMRC remain committed to helping businesses keep better records through online learning packages as well as digital tax accounts which mean businesses can easily interface with HMRC using their own accounting software.”
At the same time HMRC have updated their fact sheet on compliance checks.
…But They Can Still Visit Business Premises As Part Of A Compliance Check
Although HMRC have announced that they have wound down their business record checks, they may still need to visit business premises as part of a compliance check.HMRC occasionally make unannounced visits to business premises, however they will normally give you at least 7 days notice of such a visit. This can include your home address where the business is run from home. You can ask us to be there when HMRC visit, and we would strongly advise this. If you prefer, we can request that HMRC look at your records at our offices or at HMRC premises.
HMRC do not usually need to talk to people who work for you about their checks but they may ask to speak to the people who keep your records up to date, such as payroll and finance records.
HMRC may also need to speak to some of the people who work for you if they are looking at their employment status and are trying to check whether or not they should be on your payroll.
Contact us if you have any issues or need help:
PJ
☎ 020 89310165 | 📱 07900537459 | ✉ info@apjaccountancy.com
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