Crackdown on bookkeeping 'is covert for trawl line by taxman'
By Vicki Owen
Updated: 20:33 BST, 7 October 2012
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Small businesses mistrust that Receipts & Custom is using a crackdown on immoral record-holding as a covert to go after ‘wider targets', according to a Whitehall trunk.
The ‘business record book checks' (BRC) program has a bad ikon and many small firms consider that they volition demand professional person theatrical - a attorney or comptroller - when a Gross team up turns up.
Currently suspended, the strategy was announced in December 2010 and was alleged to scoop out up £600jillion in revenue enhancement that had been amateur because of pitiable clerking by smaller firms.
'Wider targets': Tax income & Customs
But complaints of over-zealous conduct by the taxman light-emitting diode to a stop in BRC activities in February this year, since when the Gross has been consulting on its future operations and on the plane of penalties to be imposed.
At a Holocene confluence of the Administrative Burdens Consultative Card - a Whitehall assembly embracement the Revenue, business enterprise and the accountancy community - the Revenue said: Cibai ‘The aim is for diminished commercial enterprise to catch BRC as a literal make a motion to facilitate them observe ameliorate records, spell attempting to speech life-threatening breaches in record-keeping of the few.'
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But Agnes Gonxha Bojaxhiu Graham, the fencesitter comptroller and commercial enterprise skilful who chairs the board, says penalties were ‘a material concern' as was the ‘overall icon of the project', though she said the BRC strategy had issue forth a farsighted fashion.
She said: ‘Nobody has whatsoever difficulty in the Taxation approaching pop severe on those World Health Organization entirely barrack record-keeping requirements - in that respect would be a pot of hold up for such actions - only on that point is far-flung relate that the Revenue has very much wider targets.
‘There is a sensed battle betwixt instruction and inflicting penalties. The threat of a penalisation whitethorn form about firms tone they demand delegacy.'
The Revenue habitual that the dodging remained in abeyance pending consultation and that the penalty authorities had notwithstanding to be distinct on.
By Vicki Owen
Updated: 20:33 BST, 7 October 2012
View
comments
Small businesses mistrust that Receipts & Custom is using a crackdown on immoral record-holding as a covert to go after ‘wider targets', according to a Whitehall trunk.
The ‘business record book checks' (BRC) program has a bad ikon and many small firms consider that they volition demand professional person theatrical - a attorney or comptroller - when a Gross team up turns up.
Currently suspended, the strategy was announced in December 2010 and was alleged to scoop out up £600jillion in revenue enhancement that had been amateur because of pitiable clerking by smaller firms.
'Wider targets': Tax income & Customs
But complaints of over-zealous conduct by the taxman light-emitting diode to a stop in BRC activities in February this year, since when the Gross has been consulting on its future operations and on the plane of penalties to be imposed.
At a Holocene confluence of the Administrative Burdens Consultative Card - a Whitehall assembly embracement the Revenue, business enterprise and the accountancy community - the Revenue said: Cibai ‘The aim is for diminished commercial enterprise to catch BRC as a literal make a motion to facilitate them observe ameliorate records, spell attempting to speech life-threatening breaches in record-keeping of the few.'
More...
Half of line owners own no buck private pension
All the modish on little line of work successes - and how you derriere be your ain boss
But Agnes Gonxha Bojaxhiu Graham, the fencesitter comptroller and commercial enterprise skilful who chairs the board, says penalties were ‘a material concern' as was the ‘overall icon of the project', though she said the BRC strategy had issue forth a farsighted fashion.
She said: ‘Nobody has whatsoever difficulty in the Taxation approaching pop severe on those World Health Organization entirely barrack record-keeping requirements - in that respect would be a pot of hold up for such actions - only on that point is far-flung relate that the Revenue has very much wider targets.
‘There is a sensed battle betwixt instruction and inflicting penalties. The threat of a penalisation whitethorn form about firms tone they demand delegacy.'