Danielle Ford runs the rule over HMRC’s compliance risk review process.
Danielle Ford, Partner at haysmacintyre, recently penned an article that was published in the October edition of HMRC EIP Magazine.
HMRC has always carried out a large volume of compliance activity through enquiries and interventions each year, which have historically been either random or information led. Now, with the array of sources and the huge volume of information HMRC possesses, random enquiries are becoming a thing of the past.
Settlement of enquiries and HMRC’s handling of enquiries is never far from the press, but something less talked about is the review work and analysis HMRC undertakes before an enquiry is commenced.
Much of HMRC’s analysis is centralised within the Risk & Intelligence Service (RIS) department who have access to all data and information which lead to an enquiry. This information is used to assess the tax risks or areas of concern for all taxpayers.
