HMRC has launched its enhanced business risk review pilot. Lucy Sauvage and Laura Harper (BDO) assess the proposed changes.
HMRC is looking to refresh its business risk review approach in order to both reflect and further enhance the shift in large business compliance behaviours and has launched a pilot to develop and test an enhanced BRR process. The pilot will run from September 2018 to January 2019 and will be conducted with a small sample of customers (around 50 companies). Subject to the pilot being successful the enhanced BRR process will be rolled out across all large businesses during 2019/20.
The enhanced BRR process hopes to provide greater clarity and consistency by developing clearer guidelines; having a standardised approach; and setting clearer expectations to businesses. HMRC intends to gain a deeper understanding of businesses and sectors by working collaboratively; and distinguishing between structural inherent and behavioural risks.
...
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:
HMRC has launched its enhanced business risk review pilot. Lucy Sauvage and Laura Harper (BDO) assess the proposed changes.
HMRC is looking to refresh its business risk review approach in order to both reflect and further enhance the shift in large business compliance behaviours and has launched a pilot to develop and test an enhanced BRR process. The pilot will run from September 2018 to January 2019 and will be conducted with a small sample of customers (around 50 companies). Subject to the pilot being successful the enhanced BRR process will be rolled out across all large businesses during 2019/20.
The enhanced BRR process hopes to provide greater clarity and consistency by developing clearer guidelines; having a standardised approach; and setting clearer expectations to businesses. HMRC intends to gain a deeper understanding of businesses and sectors by working collaboratively; and distinguishing between structural inherent and behavioural risks.
...
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:
