Taxman to start Internet spying mission

In today's business world, most traders and service providers consider their website to be a valuable marketing tool, alongside social media sites such as Facebook and LinkedIn.

HMRC are aware of this and the taxman has decided to use the Internet to gather information on possible non-registered businesses. Web robots will act as search programs to extract names, addresses and other key data from websites of trading businesses. This data will then be matched to information held by HMRC to confirm whether or not the business is properly registered for tax purposes.

Businesses that are not properly registered with HMRC could be liable to fines, penalties and possibly more worse depending on the severity of their non-compliance.

If you are self-employed or running your business through a limited company and you are worried that you may have missed a deadline for registering with HMRC, it is vital to address the matter now.

K Phelan & Company are here to help you. Your first consultation will be provided free of charge. We will advise you on what you need to do to ensure your business gets compliant and stays compliant!

Contact us now for your free, no obligation initial consultation.