HMRC Seeks Views on Tax Recordkeeping by Small Businesses

The UK tax authority is seeking feedback on the role of digital system integration in helping businesses maintain accurate tax records.

The government wants to understand how businesses have integrated systems that allow automatic transfer of sale and purchase data into their accounting software, His Majesty’s Revenue and Customs said in its call for evidence, which is primarily aimed at small businesses and is open until June 4.

“Our goal is to find ways to support businesses, not introduce requirements. This will help them to focus on growth, rather than administration,” Exchequer Secretary to the Treasury Dan Tomlinson and Minister ...