HM Revenue & Customs (HMRC) is sponsoring a new TV series that aims to encourage small businesses to keep accurate financial records.
The Business Inspector is a four-part series to be broadcast weekly on Chanel Five from March 17.
Stephen Banyard, business customer unit director at HMRC, said: “We know small businesses want to get their tax right. But we also know failure to take reasonable care costs the Exchequer over £6bn a year, with a major cause being poor record keeping. We hope this series will raise awareness of the need for good record keeping.”
Banyard also pointed out that better record keeping could improve cash flow for small businesses.
