Paul Mason's Tax slides can be accessed by members here - PCG

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More things about records• Ensure records are in place~ Mileage records/Expenses payments~ The 24-month rule~ Use of substitutes~ Financial losses• Keep records of contract negotiations• Consider the marketplace at the end of eachcontract and keep records• Retain details of failed tenders
Business RecordsChecks• These are different from Business Inspections~ Penalties for poor record keeping~ Penalties will be on a sliding scale up to £3,000• Started September 2011~ HMRC believe 40% of SME’s have poor records~ HMRC think they know who these SMEs are…~ 20,000 checks per annum6 PCG members have made claims already
Page 1 and 2: the right people the right protecti
Page 3 and 4: HMRC’s Enquiry Powers• 1 st Apr
Page 5 and 6: Enquiry Regime:Penalties• New pen
Page 7 and 8: Enquiry Regime:Penalties for late R
Page 9: The importance of recordsIt cannot
Page 13 and 14: Dealing with IR35 Investigations•
Page 15: How enquiries are started• Letter
Page 19 and 20: What happens next• The items supp
Page 21 and 22: Other Factors to consider• Clarif
Page 23 and 24: Assistance available to PCGmembers

Paul Mason's Tax slides can be accessed by members here - PCG

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