HMRC have announced that they are postponing any new business record checks until a revamped approach is launched early in the 2012/13 financial year. Of the 2,437 business record checks that were carried out, HMRC found that 20 of these businesses had some issues with their record keeping, and 11% of these had issues were serious enough to warrant a follow up.
If you are uncertain about your books and records, or how they should be maintained, please do not hesitate to contact us.
