Business Record Checks – are you ready?

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HMRC will start targeting businesses across the country later this month as it rolls out a new “fresh approach” to Business Records Checks (BRC) visits.

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Drowning in paperwork?

 

As of 26 November HMRC will start visiting small and medium-sized businesses check their records starting firstly in London, and then moving across the country over a 14-week period, ending up in South Wales in February 2013. The pilot programme which started in April 2011 found that 36 per cent of businesses had some issues with their record-keeping of which 10 per cent had issues serious enough to warrant a follow up visit. For advice on what you need to do to keep your records accurate and compliant, download HMRC’s guidance report here.

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