TaxCorporate TaxRecords checks scheme to continue while under review

Records checks scheme to continue while under review

The controversial business records checks initiative will continue as normal despite HMRC admitting review is needed

THE TAXMAN will continue with its target to carry out 12,000 business records checks by April while conducting a review of the initiative, Accountancy Age has learnt.

HM Revenue & Customs announced that it was reviewing the controversial scheme following criticisms that it was unfairly targeting smaller businesses. It said it will “examine whether the current approach is the best way of achieving the policy objectives, and identify what changes are needed to ensure that the objectives are achieved”.

However, an internal email from HMRC’s Coleraine office, which is co-ordinating the initiative, drew attention to the statement but did not instruct for fewer visits to be carried out. It is understood that a delegation from the UK office is planning a visit to Coleraine to check on progress towards the target.

Guy Smith, senior policy adviser at Abbey Tax, said: “HMRC seems to be playing a game of smoke and mirrors. On the one hand it is [saying] it is listening and limiting the number of BRCs, to ease the burden on SMEs, but on the other hand its national BRC unit in Coleraine is carrying on as normal. There is even a meeting planned in Coleraine for this Friday to discuss progress in achieving the target.”

Related Articles

HMRC large business tax enquiry duration rises to 3 years

Corporate Tax HMRC large business tax enquiry duration rises to 3 years

3d Emma Smith, Managing Editor
SMEs paying higher rate of corporation tax than big businesses

Corporate Tax SMEs paying higher rate of corporation tax than big businesses

1w Alia Shoaib, Reporter
‘Google tax’ nets HMRC £281m

Corporate Tax ‘Google tax’ nets HMRC £281m

4m Emma Smith, Managing Editor
OTS report: Corporation tax should follow accounts

Corporate Tax OTS report: Corporation tax should follow accounts

6m Alia Shoaib, Reporter
HMRC tax evasion assistance requests double in five years

Corporate Tax HMRC tax evasion assistance requests double in five years

6m Emma Smith, Managing Editor
Spring Budget 2017: Making Tax Digital

Business Regulation Spring Budget 2017: Making Tax Digital

10m Shereen Ali, Deputy Editor
Tax fraud loses HMRC £16bn

Corporate Tax Tax fraud loses HMRC £16bn

11m Emma Smith, Managing Editor
HMRC nets £2.6bn in corporate tax from big businesses

Corporate Tax HMRC nets £2.6bn in corporate tax from big businesses

12m Accountancy Age editorial