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The monthly ICB member update from ICB's Compliance Team.
Join us on Monday 8 June at the earlier time of 1.30pm for a pivotal session with Kevin Hubbard, HMRC’s Director of Small Business and Individual Taxpayers. Kevin oversees tax compliance for 37 million taxpayers, including 5.3 million small businesses and HMRC believes small businesses account for around 60% of the entire Tax Gap.
So what’s driving it?
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Mistakes by individuals or advisers
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Over‑complex rules and unclear guidance
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Deliberate evasion, money laundering and fraud
Whatever the cause, one thing is clear: bookkeepers are central to the solution. HMRC estimates that only 70% of taxpayers rely on external advice - whether from a bookkeeper, accountant, tax adviser, a well‑meaning neighbour, or even that bloke in the pub. That puts ICB members right at the heart of fixing this.
Kevin will share what HMRC’s latest findings reveal, where things are going wrong, and what he wants ICB bookkeepers to do next.
This meeting marks the launch of a major joint campaign. If you want to help shape the future of small business tax compliance, you need to be in this meeting.
