HMRC this week confirmed that it would pursue a cross-tax single compliance process (SCP) for enquiries into the tax affairs of small and medium-size businesses.
The SCP was first conceived in 2007 as a single framework under which SME business compliance checks would be undertaken. Catering for both single and cross-tax enquiries the model was intended to encourage a more collaborative approach to enquiries. The quality and consistency of HMRC’s investigative work would improve through more efficient methods that reduced unnecessary delays and homed in on key issues that might involve a loss of tax.
A news update this week reported that the pilot scheme...
About John Stokdyk
John Stokdyk is the global editor of AccountingWEB UK and AccountingWEB.com.