Risk assessment in a co-operative compliance context : a Dutch-UK comparison

Resource Information

The work Risk assessment in a co-operative compliance context : a Dutch-UK comparison represents a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation. This resource is a combination of several types including: Work, Language Material, Continuing Resources.

Label

Risk assessment in a co-operative compliance context : a Dutch-UK comparison

Creator

• Oats, L
• Widt, D. de

Subject

• tax authorities
• compliance costs
• transparency
• tax compliance
• risk assessment

Language

eng

Summary

Growing pressures on resources means that tax administrations rely increasingly upon risk assessment techniques in order to enhance their regulatory efficiency. Risk-based regulation plays an important role in co-operative compliance based relationships between tax authorities and large corporate taxpayers in many countries. In return for a high level of disclosure by corporate taxpayers, tax authorities commit to a "light touch" approach in monitoring companies deemed to be low risk, while intensifying supervision of companies with a high risk profile. This article compares risk assessment techniques applied to large corporate taxpayers in the UK and the Netherlands. While both are regarded as co-operative compliance pioneers, the Dutch and UK tax authorities differ significantly in the way in which risk assessment is operationalised, whilst demonstrating similar challenges in realising administrative efficiency gains from implementing risk-based regulation. It is concluded that the benefits of risk-based regulation in a co-operative compliance framework may be easier to realise for corporate taxpayers than for tax administrations. Credibility concerns, for the latter in particular, would need to be overcome in order to advance co-operative compliance

Citation source

In: British tax review. - London. - (2017), no. 2 ; p. 230-248

Geographic coverage

• European Union
• Europe

Language note

English