New approach to records checks from HMRC
HMRC have announced that they intend to make changes to their business records checks programme following a review of the pilot scheme.
HMRC will now postpone making any new business records check appointments until the revamped approach is launched early in 2012/13. The delay is to allow further consultation with representative bodies on the implementation of the recommendations in the review and on some details of the new approach.
HMRC's Director of Local Compliance, Richard Summersgill, said:
'Four out of ten businesses had an issue with their business records, and of those that required a follow-up visit, we found that some 90% subsequently improved their record-keeping.'
'However, after reviewing the pilot programme and listening to the views of businesses and representative bodies, we acknowledge the need for a fresh approach to business records checks.'
Internet link: News Release