Tax inspections undergo a change
June 21st, 2010
Now, instead of separate inspections for VAT, payroll and Corporation tax, HMRC will be carrying out combined inspections. This is to cut down on the number of inspections being carried out, making it more efficient for the taxman (in theory) and less stressful for the business.
This should mean that there will be a longer timescale between inspections. If you have recently had an inspection and receive notice of a combined inspection – or Cross Tax Check (CTC) as they are now called – notify the tax office and they may put you further down the list but they are not obliged to do so.
If you have different advisors for different aspects of your tax affairs, authorise one to act as your CTC co-ordinator as this may cut down on the inspector asking duplicate questions from the different advisors.
The content of this article is for general information only. It should not be relied on and action which could affect your business or personal circumstances should not be taken without appropriate professional advice.
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