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just got a letter from this crowd , saying phoneing me next week , worried anyone else had one of these ?
Re: hmrc buisness records check
Do you have an accountant, if so then contact him/her ASAP.
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well if you dont hear from me in a while . you will no where i am 😥
Re: hmrc buisness records check
The real problem is that there is a team whose only aim is not to check but to find. 😥
Re: hmrc buisness records check
helo_75 wrote:its ok, don’t panic, you can still buy soap on a rope 😀
:eeek:
Re: hmrc buisness records check
This really is only about your record keeping systems. As long as you keep copies of all invoices in a neat and logical fashion you should have nothing to fear.
Re: hmrc buisness records check
well anyone had the phone call and no the questions. or am i the first . lucky white heather and all that 👿
Re: hmrc buisness records check
stratfordgirl wrote:This really is only about your record keeping systems. As long as you keep copies of all invoices in a neat and logical fashion you should have nothing to fear.
ok cheers neat is not my fortey
Re: hmrc buisness records check
HMRC announced some time last year that they were setting such teams up to investigate booking keeping records of Small Businesses and self employed people. There are fines where books are not kept in accordance with the guidelines laid down by HMRC. They will look at how you keep and maintain your accounts and hopefully you do not have carrier bags full of receipts and invoices as they do not like that !
Its relatively easy to keep a set of books that will be acceptable and although we are engineers and not accountants or bookeeper’s having a simple double entry accounts ledger and receipt system should be a minium to avoid such hassle or accepted accounts software.
Re: hmrc buisness records check
I just keep all my receipts of money in and all my receipts of money out.
My Acountant then does the rest for me.
This saves me the time so I can concentrate on earning the money and not spend the time on books earning nothing.
I worked out a deal with my accountant and he charges me a fixed price including working out my VAT every Three Months.
It is worth it as any inspection would be sorted by him as He keeps the books.
I just get get my receipts back at the end of the year and a tax breakdown of my Tax Returns.
All I have to do is pay the Tax online.
Simples
Re: hmrc buisness records check
Had a letter a few years ago informing me my accounts are being investigated two months after recieved another letter saying everything ok .
I think sometimes the big computer may want to check a anomalie. Rest easy unless your turnover has shot up and your profits are down for no logical reason. 8)
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