There are 5 key stages in the Planning Process and Risk Assessment of an excise trader:
During this stage, particular attention should be paid to fully investigating the background of the trader and carrying out an analytical review of Operations.
This stage should focus on ensuring that a clear picture of the Group Structure and Ownership of the business is available. Any accounting systems used by the business should also be investigated at this point.
This stage is fairly self-explanatory. A profile for the trader should be built up, including not only any previous or current risks identified, but also any possible future risks, based on the information obtained from the previous stages.
A timetable for any further action should be agreed, bearing in mind the availability of staffing resources.