TaxCorporate TaxPermanently check out of business record-keeping scheme

Permanently check out of business record-keeping scheme

Taxman should find a better use of its 120 Business Record Checks staff, says Kevin Reed

SO THE Business Record Checks scheme has been put on hold, until at least the start of the 2012/2013 tax year.

The pilot scheme was borne of a consultation sneaked out at Christmas 2010 – for an end of February deadline – only for the record checking of thousands of SMEs to begin before the next step of the consultation was concluded. Of course, responses were universally hostile, warning of a lack of planning and an unfocused, costly approach to achieving more accurate tax returns.

It was definitely more old-school HMRC than that of a patient taxman taking time to listen to and understand views – which in fairness has been more of the case in recent years than the past.

Some have suggested that political capital has been invested in this scheme. Personally I think that “investment” should be written off – and has run counter to the coalition’s rhetoric of easing red tape.

So if the scheme ends up taking a more “educational” slant than it has so far – as has been suggested – then good.

But I’d imagine advisors would rather have educational investment aimed at HMRC staff, than anywhere else.

Related Articles

‘Google tax’ nets HMRC £281m

Corporate Tax ‘Google tax’ nets HMRC £281m

3m Emma Smith, Managing Editor
OTS report: Corporation tax should follow accounts

Corporate Tax OTS report: Corporation tax should follow accounts

5m Alia Shoaib, Reporter
HMRC tax evasion assistance requests double in five years

Corporate Tax HMRC tax evasion assistance requests double in five years

5m Emma Smith, Managing Editor
Spring Budget 2017: Making Tax Digital

Business Regulation Spring Budget 2017: Making Tax Digital

9m Shereen Ali, Deputy Editor
Tax fraud loses HMRC £16bn

Corporate Tax Tax fraud loses HMRC £16bn

10m 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

11m Accountancy Age editorial
Tax crackdown brings in £468m for HMRC

Corporate Tax Tax crackdown brings in £468m for HMRC

11m Accountancy Age editorial
Treasury Select Committee report released on Making Tax Digital

Accounting Standards Treasury Select Committee report released on Making Tax Digital

11m Stephanie Wix, Writer