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Jan
04th

RECORD CHECKS By: Clare

HM Revenue & Customs have indicated their intention to reduce the amount of unpaid tax in the UK by targeting small businesses that have displayed poor record keeping.  A programme of checks into the adequacy and accuracy of business record keeping will commence later this year.  Penalties of up to £3000 apply for the failure to keep proper records.

For guidance and assistance with the process and requirements of proper record keeping please contact us at Haxton Chartered Accountants West London.

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