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

Watch out when winding up

Corporate Tax Watch out when winding up

1m Emma Rawson, ATT Technical Officer
HMRC large business tax enquiry duration rises to 3 years

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

4m Emma Smith, Managing Editor
‘Google tax’ nets HMRC £281m

Corporate Tax ‘Google tax’ nets HMRC £281m

8m Emma Smith, Managing Editor
OTS report: Corporation tax should follow accounts

Corporate Tax OTS report: Corporation tax should follow accounts

10m Alia Shoaib, Reporter
HMRC tax evasion assistance requests double in five years

Corporate Tax HMRC tax evasion assistance requests double in five years

11m Emma Smith, Managing Editor
Spring Budget 2017: Making Tax Digital

Business Regulation Spring Budget 2017: Making Tax Digital

1y Shereen Ali, Deputy Editor
Tax fraud loses HMRC £16bn

Corporate Tax Tax fraud loses HMRC £16bn

1y 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

1y Accountancy Age editorial