Revenue letters target small businesses

In the next few weeks, some small businesses will be receiving standard letters from HM Revenue & Customs alerting them to possible errors on their tax returns.

HMRC has carried out this exercise previously, by sending out letters with advice for small businesses on calculating business income for the purposes of Self Assessment. These letters should be issued by the end of August.

Recipients have been selected on the basis that they may be likely to make errors. Where an agent is acting on behalf of the business, they will be issued with a copy at least four days before the letter is sent to the client.