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Indicator - FL Memo Ltd
Tel: (01233) 653500. Fax: (01233) 647100
customer.services@indicator-flm.co.uk
www.indicator-flm.co.uk
Calgarth House
39-41 Bank Street
Ashford, Kent TN23 1DQ
VAT GB 726 598 394
Registered in England
Company Registration No. 3599719
There can be many reasons to challenge figures produced by HMRC following it carrying out a business economics exercise. The figures will be based on broad industry-wide assumptions some of which might not be relevant to your business.
Are your records deficient?
HMRC’s business economics exercises attempt to compare figures in your accounts with those generally applicable to the type of trade you run. While this approach is valid as an indicator that something might be awry it cannot be used to justify displacing your figures with those produced by the business economics exercise. HMRC can only do that if it can demonstrate:
So use our Challenge Business Economics Exercise Letter if you want to negotiate this way.