We have spotted some unusual invoices betweeen two trading companies (closely linked but not with the same management/ownership structure).
The business is complex and makes transfers back and to between the companies which have proved impossible to reconcile. It looks on the surface like wheeling and dealing but is just questionable enough to worry me. I have spoken to the NCA and HMRC who are as much use as a chocolate tea pot and have reached the conclusion that our course of action should be to:
1. Inform them of the shortfalls in their trading practices
2. Give them a quarter to rectify them
3. If not rectified, make an SAR to the NCA