What do the new compliance rules that take effect in April mean for accountants and tax advisers? Revenue & Customs outlines the key changes.

Revenue & Customs’ new compliance checking framework and accompanying safeguards come into effect on 1 April 2009. In very simple terms, the changes mean new record-keeping rules for businesses, modernised and more consistent inspection and information-gathering powers for the Revenue, and revised times for making claims and assessments. The new rules will apply to income tax, PAYE, corporation tax, capital gains tax and VAT.