Commentary

A6.630 Introduction to records and compliance checks

Administration and compliance

A6.630 Introduction to records and compliance checks

Records

A6.630 Introduction to records and compliance checks

HMRC stress the importance of good record-keeping, as it considers that records underpin accurate notification and return of tax liabilities and accurate claims. HMRC says that research has shown poor record-keeping to be a key factor in many incorrect returns and that action to deal with non-compliance with record-keeping requirements is therefore essential, with penalties being be used in appropriate circumstances to improve compliance.

Powers under FA 2008, Sch 36 only allow an HMRC officer to inspect business documents that are on business premises. 'Business documents' are defined as documents that relate

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