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Contents

Official guidance
Oil Taxation Manual

OT18500 · PRT compliance

  • OT18510 · Risk factors and distinctive features of the tax
  • OT18520 · Changes in approach to the management of risk
  • OT18530 · LB operating model - the role of the CRM in PRT
  • OT18540 · Tax compliance risk management process guidance
  • OT18550 · The new approach to governance and delivery
  • OT18560 · The relationship with low risk customers
  • OT18570 · Responding to specific returns, claims and notification from a low risk customer
  • OT18580 · Joint Venture Claims - Confidentiality
  • OT18590 · Clear errors
  • OT18600 · Risk assessment - evaluating potential sources of risk against all available information
  • OT18610 · Risk assessment - the process
  • OT18620 · Risk assessment - mandatory work, projects and campaigns
  • OT18630 · Risk assessment - regime integrity work
  • OT18640 · Risk assessment - the risk review process
  • OT18650 · Risk assessment - first claims and continuing audits
  • OT18660 · Risk working - PRT / accounts reconciliations
  • OT18670 · Risk working - time limits and expenditure claims
  1. PRT compliance: contents
  2. PRT compliance: risk assessment - evaluating potential sources of risk against all available information

OT18600 | PRT compliance: risk assessment - evaluating potential sources of risk against all available information

From HM Revenue & Customs · Oil Taxation Manual

Risks cannot always be identified on the basis of reviews of returns and claims and information in the public domain, for example see TCRM4000. Part of the risk assessment process should, for appropriate customers, include annual discussions with operators to cover issues arising on fields and terminal & pipeline systems.

For a Low Risk Customer the approach described in TCRM2420 will apply.

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