Tax-Saving Guides

Slash Your Tax for Small Businesses

8. Dealing with HMRC and the penalty regime

8.1. Core questions

8.1.1. I just have to work out what I owe HMRC and when. Does it ever check it?

Yes. HMRC has a number of powers. It can make enquiries into a personal, partnership or company self-assessment tax return and it’s allowed to inspect your business records and can visi...