The following Owner-Managed Businesses guidance note by Tolley in association with Guy Smith of inTAX Ltd provides comprehensive and up to date tax information covering:
The SCP framework is 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.
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