Ed Dwan looks at the benefits and challenges of participating in HMRC’s tax clear-up programme
For a number of years HMRC have piloted and then refined discreet dispute resolution projects (often referred to as tax clear-ups) for large corporates. The original version the High Risk Corporates Programme (HRCP) for companies dealt with by the Large Business Service provided the basis for the Managing Complex Risks (MCR) approach for companies dealt with by the Large & Complex HMRC unit. The aim of both the MCR and the HRCP programmes is for HMRC to identify the highest risk corporates and to work collaboratively with them to fast track a significant number of open issues.
Who does it impact?
Selection of the businesses which HMRC will approach with a view to applying this process (it is not obligatory to enter into the programme) is based on three key criteria:
The habitual...
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Ed Dwan looks at the benefits and challenges of participating in HMRC’s tax clear-up programme
For a number of years HMRC have piloted and then refined discreet dispute resolution projects (often referred to as tax clear-ups) for large corporates. The original version the High Risk Corporates Programme (HRCP) for companies dealt with by the Large Business Service provided the basis for the Managing Complex Risks (MCR) approach for companies dealt with by the Large & Complex HMRC unit. The aim of both the MCR and the HRCP programmes is for HMRC to identify the highest risk corporates and to work collaboratively with them to fast track a significant number of open issues.
Who does it impact?
Selection of the businesses which HMRC will approach with a view to applying this process (it is not obligatory to enter into the programme) is based on three key criteria:
The habitual...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
