HM Revenue & Customs (HMRC) re-launched its Business Records Check (BRC) initiative late last year – to check the adequacy of business records being maintained by Small and Medium sized Enterprises (SMEs).
As part of the process, HMRC will:
Based on the responses received, HMRC will then:
If you have concerns over your bookeeping and indeed what records you need to keep and how you should approach this potential letter and telephone call from HMRC – please get in touch.
By David White a Partner in Charterhouse, based in Beaconsfield
David White is an equity partner in Charterhouse a practising firm of Chartered Accountants based in Beaconsfield and Harrow. David is Charterhouse through and through having been with them for 30 years...
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