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TCRM3310 | The Business Risk Review (BRR+): Business Risk Review (BRR+) indicators: General

From HM Revenue & Customs · Tax Compliance Risk Management

The Business Risk Review involves assessing the customer against three factors:

  • Systems and Delivery - The customer’s ability to deliver the right tax through systems, processes and skills

  • Internal Governance - The customer’s openness and co-operation with HMRC and the management accountabilities for managing tax risk

  • Approach to Tax Compliance - The customer’s tax strategy and involvement in tax planning as well the nature of their relationship with HMRC

Each of those factors will be considered in reference to the taxes relevant to the business. The CCM will use these assessments as well as their knowledge of the business and information obtained through audit and colleagues outside of Large Business to reach a view on the overall risk rating of the business.