The taxman’s approach to small business  records checks has undergone a “subtle change in tone” from being an educational exercise to a compliance check, advisors have warned. HM Revenue & Customs yesterday released the summary of responses to its consultation on the business records checks initiative. It said that “business records checks are primarily a compliance check, not an educational exercise”.

The full article by Jaimie Kaffash can be found on the following link:

www.financialdirector.co.uk/aa/news/2093920/smes-warned-business-records-checks