Preparing for a business audit is rarely anyone’s favourite task, but it is part of running a resilient business. HMRC is under pressure to close the tax gap, having completed around 316,000 compliance checks in 2024/25, and continues to invest in new staff and technology.
Against this backdrop, audits and compliance checks are unlikely to fade away. We have created a free business guide which explains what “audit” means in practice, how the 2025 Autumn Budget and current tax rules shape the compliance environment, and what you can do to prepare your business so that any audit or review is as smooth as possible.
The 2025/26 tax year sits in a period of steady rules but rising scrutiny. Audit exemption thresholds have increased, yet many companies still need or choose
an audit. HMRC’s focus on the tax gap means more attention on small and mid-sized businesses, with compliance activity supported by better data and
stronger technology.
You cannot remove the possibility of an audit or inquiry, but you can control how ready you are. Consistent records, clear documentation of decisions, and regular reviews put you in a strong position if questions arise. If you are unsure how the current rules or Autumn Budget 2025 announcements affect your company, seek tailored advice before year-end so that you can approach any future audit with confidence.
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At Lambert Chapman, our experienced audit team provides more than statutory compliance. We take the time to understand your business, delivering a robust, transparent audit process that adds real value and insight. Whether you are meeting regulatory requirements or seeking greater assurance and confidence in your financial reporting, our dedicated team is on hand to support you with a proactive, tailored approach. Read more…
Speak to us today to find out how our audit services can support your business now and into the future.
Disclaimer
The views expressed in this article are the personal views of the Author and other professionals may express different views. They may not be the views of Lambert Chapman LLP. The material in the article cannot and should not be considered as exhaustive. Professional advice should be sought in connection with any of the issues contained in the article and the implementation of any actions.