Business and Other Briefings
HMRC: HM Revenue & Customs has announced an extension of its Business Records Checks programme. Business Records Checks were piloted earlier this year in 8 key areas, and involve checks on the adequacy of small & medium-sized enterprises’ business records.
The pilots found that around 44% of businesses visited had issues with their record-keeping, while around 12% of those visited had seriously inadequate records. HMRC will be now be extending this activity from mid-September 2011 to cover a number of key areas across the
This Brief expands on the insolvency implications