The following Personal Tax guidance note by Tolley in association with Guy Smith of inTAX Ltd provides comprehensive and up to date tax information covering:
The single compliance process (SCP) is a new framework HMRC has designed to handle small and medium enquiry work for both direct and indirect taxes. The process is risk and behaviour driven, with HMRC Officers devoting more time and effort, or ‘intensity’, to highest risk cases. For more on the risk and behaviour assessment see the What is the single compliance process? guidance note.
Once the risk and behaviour assessment has been completed and HMRC has decided upon the level of intensity required, the compliance check is then allocated to one of four levels.
The SCP allows for checks to move up and down the four levels once the HMRC Officer has begun to receive information and started to address the risk assessment.
See Example 1.
For more informati
**Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason.
Access this article and thousands of others like it free for 7 days with a trial of TolleyGuidance.
Read full article
Already a subscriber? Login