Richard Clarke and Jennifer Knowlson examine HMRC's extension of risk-based methodologies to 'Large and Complex' corporates
Risky business
The HMRC Departmental Report 2009 noted that the High Risk Corporates Programme (HRCP) was a key element in HMRC's plan to match resource to risk and had resulted in additional yield of £1.36 billion part way through the 2009/10 tax year.
The idea behind the programme was a simple one — in the top tier of UK corporation tax (CT) payers dealt with by the Large Business Service (LBS) there was a small number of groups who posed a disproportionate risk to the Treasury. Rather than treating each similar-sized group the same those that formed this small cadre were to be targeted by HMRC with a view to fast tracking their open issues and either settling them by agreement or accelerating the necessary litigation process.
The concept behind HRCP...
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Richard Clarke and Jennifer Knowlson examine HMRC's extension of risk-based methodologies to 'Large and Complex' corporates
Risky business
The HMRC Departmental Report 2009 noted that the High Risk Corporates Programme (HRCP) was a key element in HMRC's plan to match resource to risk and had resulted in additional yield of £1.36 billion part way through the 2009/10 tax year.
The idea behind the programme was a simple one — in the top tier of UK corporation tax (CT) payers dealt with by the Large Business Service (LBS) there was a small number of groups who posed a disproportionate risk to the Treasury. Rather than treating each similar-sized group the same those that formed this small cadre were to be targeted by HMRC with a view to fast tracking their open issues and either settling them by agreement or accelerating the necessary litigation process.
The concept behind HRCP...
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