DID YOU SEE that there will be no further checks on accountancy firms going forward under the Business Records Checks scheme?
It seems sensible that HMRC has decided that practices won’t have to go through business record checks when the scheme is re-focused and re-launched.
But the announcement came in an otherwise unsatisfactory response from the taxman to a Freedom of Information (FoI) request.
The main question that went unanswered from Abbey Tax’s FoI was ‘how many accountancy firms have been subject to a business record check?’.
The reason HMRC couldn’t answer? They said it would cost more than £600 to sift through the data. In other words, they calculate that a member of staff at £25 per hour would need to spend more than 3.5 days going through the 2,500 undertaken record checks.
Now, is it just me or does this smack of hypocrisy?
Does HMRC not have a spreadsheet containing details of the checks it undertook, with perhaps a business sector ‘column’??
The mind boggles. Check your own records, before checking others.
Head of editorial Kevin Reed talks about HMRC's so-called 'service standards for tax advisers'; Concerns over Companies House's plans to purge its data; and the taxman's digital chief departs at a critical time
Companies House is considering proposals to reduce the amount of time the records of dissolved companies are retained on its database, according to reports
Accountancy Age is hosting a LIVE web seminar on a major issue for modern practices: how to develop value-added services coherently, sensibly and strategically
Despite concerns over the viability of BHS, advisers including Grant Thornton were paid in the millions of pounds for their roles, according to the Work and Pensions and Business, Innovation and Skills Select Committees