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A single compliance process workshop was held at Taxation’s HQ. MIKE TRUMAN reports
KEY POINTS
- Single compliance process is a different more collaborative way of working.
- It should focus on specific risk areas and be completed much faster.
- Should private bank statements be disclosed to HMRC just because there has been one payment of business takings into the private account?
- When is it reasonable to hold further meetings given that they contribute significantly to the client’s costs?
Taxation hosted a half-day meeting of the Tolworth Working Together group in November to look at the new single compliance process (SCP) which is currently in trial.
After a brief introduction most of the afternoon was spent looking at a case study about how the new procedures would work.
As the case study unfolded it was discussed in mixed groups of tax advisers...
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