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HMRC have published a new Tactical and Information Package (TIP) covering Confectioners, Tobacconists and Newsagents.

TIPS are trade and profession-based notes for internal use by HMRC officers. These notes combine sector/trade information together with tactical information and risk reviews with the primary purpose of supporting compliance activity throughout the department.

The notes are also designed to improve commercial awareness by providing trade- based information on particular business sectors such as trading practices, economic effects, markets, customers, competition and legislation.

The range of TIPs available on the HMRC website is currently quite limited, but will gradually increase over a period of time and where possible,  replace the existing Business Economic Notes (BENs).

TIPS published to date cover the following:

• Estate Agents;
• Confectioners, Tobacconists and Newsagents;
• Mortgage brokers;
• Franchises; and
• Waste Disposal and Landfill Sites.

Business Economic Notes published to-date cover the following:

• Travel Agents;
•  Road Haulage;
• Lodging Industry;
• Hairdressers;
• Waste Materials Reclamation and Disposal;
• Funeral Directors;
• Dentists;
• Florists;
• Licensed Victuallers;
• Jewellery Trade;
• Electrical Retailers;
• Antique and Fine Art Dealers;
• Fish and Chip Shops;
• The Pet Industry;
• Veterinary Surgeons;
• Catering - General;
• Catering - Restaurants;
• Catering - Fast Foods, Cafes and Snack Bars;
• Farming - Stock Valuation for Income Tax Purposes;
• Insurance Brokers & Agents;
• Residential Rest & Nursing Homes;
• Dispensing Chemists;
• Driving Instructors;
• Independent Fishmongers;
• Taxicabs and Private Hire Vehicles; amd
• Confectioners, Tobacconists and Newsagents.

All the TIPs can be found on HMRC's TIPS page.

Links
HMRC: TIPS page