As part of its one to many ‘nudge letter’ approach to compliance, HMRC has started writing to agents whose clients’ tax returns for 2021/22 may have included ‘discrepancies’ when compared to other information held by HMRC. The potential errors relate to P11D and P14 claims and the high income child benefit charge, according to the CIOT.
HMRC intends to contact agents ‘in the next three weeks’ to discuss the position and resolve matters without the need for a formal enquiry. Following those discussions, HMRC will ask agents to review the returns and make voluntary amendments where necessary. HMRC also reminds agents of the 31 January 2024 deadline for amending 2021/22 returns, which it appreciates will come into sharp focus as the profession moves into peak self-assessment filing season.
The letter also confirms that where voluntary amendments are made HMRC will not charge a penalty (although interest will apply where tax that was due has not been paid on time), but discovery assessments will be considered where amendments have not been made by 31 January.
As part of its one to many ‘nudge letter’ approach to compliance, HMRC has started writing to agents whose clients’ tax returns for 2021/22 may have included ‘discrepancies’ when compared to other information held by HMRC. The potential errors relate to P11D and P14 claims and the high income child benefit charge, according to the CIOT.
HMRC intends to contact agents ‘in the next three weeks’ to discuss the position and resolve matters without the need for a formal enquiry. Following those discussions, HMRC will ask agents to review the returns and make voluntary amendments where necessary. HMRC also reminds agents of the 31 January 2024 deadline for amending 2021/22 returns, which it appreciates will come into sharp focus as the profession moves into peak self-assessment filing season.
The letter also confirms that where voluntary amendments are made HMRC will not charge a penalty (although interest will apply where tax that was due has not been paid on time), but discovery assessments will be considered where amendments have not been made by 31 January.
