Taxman targets 50,000 SMEs in tax avoidance crackdown

Kevin Reed

23 December 2010 •

Tens of thousands of small businesses could be fined by the taxman in the New Year for failing to keep proper tax records.

Under a HM Revenue & Customs consultation, the taxman wants to delve into 50,000 of the two million SMEs it believes have poor record-keeping which has led to unpaid tax. The Business Records Checks...

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