With the extensive measures and powers in place for HM Revenue and Customs (HMRC) to enforce joint and several liability assessments and other sanctions it has become a necessity for businesses, specifically affected industries of MTIC fraud, to carry out effective due diligence.
The requirements for effective due diligence are contained within several HMRC notices and through careful analysis of these notices we have designed comprehensive due diligence checks and services. These systems and checks have been designed with the input of our technical Director who has over 30 years experience in the area of indirect taxation and with advice from leading counsel in this field.
Our in depth checks and reports comprise of the following:
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We will visit the business trading premises
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All documentation required is collected i.e. utility bills, Certificates, personal identity documents.
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An interview is conducted with key personnel to collect required information
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Photographs of the business premises and the individual(s) met are taken
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References are requested and collected.
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The business identity is verified with our comprehensive vetting process.
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All documentation collected is verified
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All relevant persons identities are verified (see here for further info on personal identity checks)
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Terms and Conditions containing necessary points of due diligence are signed
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A financial information report will then follow for your consideration.
Our comprehensive visit and the outcome of our in depth checks will be fully reported to you accompanied by an A4 presentation folder containing the evidence of all checks and verifications carried out. All that is required from you is a business name, trading address, contact number and contact name and we will do the rest.
If you require any further information or wish to discuss our services further then please contact us on 0844 561 6852 or by email and we will be happy to assist.
DDE - Protecting you and your business
