Starting a new business? Get 40% off our accountancy services for 3 months! 😀


A new scheme is been trialled over a six month period by HM Revenue & Customs. The single compliance process was rolled out on the 1st June 2011, with Reading being one of the 10 towns to be taking part across the United Kingdom. Instead of facing just one visit from HMRC, Small to Medium Enterprises will face inspections from three tax officials.

The tax inspection will cover Corporation Tax, Pay As You Earn and Value Added Tax, all in the same visit. Tax advisers are warning businesses that they may find the inspections disruptive and an intrusion into their administration. Although most businesses are familiar with a VAT inspection, which is a simple procedure, all three tax inspections in one day is likely to cause confusion for business owners.

HMRC is hoping that the single compliance process will help to detect tax evaders, enabling them to deal with the companies in a cost effective, efficient manner. Small businesses may find the prospect of having all three tax inspectors visiting the same day daunting, having to face a comprehensive interview and provide detailed answers. One tax adviser said:

“The business is typically visited by three inspectors, rather than just one, who will want to examine all tax affairs. Business owners can expect to face in-depth and sometimes difficult questions.”

HMRC usually gives one month’s notice, which allows for the tax adviser of a company to prepare all administration ready for inspection. Your tax adviser will also approach HMRC in advance, so that all required documentation is available.

Inline Feedbacks
View all comments

Read more posts...

Architects and Tax

Architecture is a highly diverse sector when it comes to tax. It’s partly down to the type of businesses that carry out…

Read More

June 2022 Client of the Month: Manea Kella

This month we spoke to Adrian Manea, architect and director at Manea Kella, a London based RIBA Chartered architecture and interior design…

Read More

Succession Planning for Business Owners: What Comes Next?

When you own a business, it’s extremely normal to feel like you’re surviving one day to the next – ‘winging it’, as…

Read More
Back to Blog...

Confirm Transactions

The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

Yes, submit my quote
No, let me change it

Please contact our sales team if you’re unsure

VAT Returns

It is unlikely you will need this service, unless you are voluntarily registered for VAT.

Are you sure this is correct?

Yes, the business is VAT registered
No, let me change it

Call us on 020 3355 4047 if you’re not sure.


You only need this service if you want us to complete the bookkeeping on your behalf.

Would you prefer to complete your own bookkeeping?


Call us on 020 3355 4047 if you’re not sure.