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HMRC ramps up rating system for large company tax compliance

Starting this month, HMRC is enhancing Business Risk Review with a new approach to assessing the level of tax compliance at the UK’s biggest companies, adopting a more graduated series of risk ratings which it says will encourage greater compliance.

HMRC ramps up rating system for large company tax compliance
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The Business Risk Review process applies to around 2,000 of the largest corporates, and rates companies based on their behaviour and strategy in relation to tax.  It was subject to a consultation during autumn 2017 and a pilot with 65 companies in the autumn of 2018.

Read more at the Accountancy Daily

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