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If you are involved in any way with financial record keeping or filing tax returns then it is important that you are fully aware of the new HM Revenue & Customs (HMRC) compliance checks framework that comes into effect on 1 April 2009.
There will be common inspection and information gathering powers and revised time limits for claims and assessments. The new legislation applies to income tax (including PAYE/NIC and Gift Aid), corporation tax, capital gains tax, VAT and construction industry scheme.
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