The issue

Serious financial difficulties can be avoided by constantly monitoring the excise duty accounting processes within a business. Business growth or key staff turnover can lead to accurate tax accounting lagging behind business procedures.

Timely, proactive and professional support helps minimize the administrative burden on a business and helps to ensure there are no unwelcome surprises.

Action required

Our compliance reviews can identify issues before they become problematical and avoid serious repercussions from HM Revenue & Customs in terms of assessments and penalties.

Whether a high level or in depth review exercise, our team can provide businesses with comfort and assurance that excise duty processes are functioning properly.

Example

One review identified serious risk management issues within the business leading to an exposure to potentially business critical excise duty demands. Our intervention helped the business to identify the risks and potential liability at an early enough stage to ensure that the company could maintain control of the situation and manage a disclosure to HMRC.