Agents selected for phase two trial of the Wealthy Compliance Portal
HMRC’s Wealthy team is sending out letters to a number agents inviting them to partake in a phase two trial of the Wealthy Compliance Portal (WCP) for their wealthy clients. The first phase of the WCP trial concerned the concept and functionality of the system; this second phase expands the pool of agents in the trial to test potential demands and requirements for the system prior to further wider testing. Selected agents will receive a copy of this letter (provided below), followed by briefings and other supporting materials once they have confirmed their participation. Data and feedback will be gathered from participants during the course of the trial. Meetings with the Big 4 accounting firms about their clients’ participation in the WCP trial took place earlier this autumn.