According to accountancy firm RSM, HMRC is to launch two new targeted nudge letter campaigns in the coming weeks. The new campaigns are said to be aimed at those who have disposed of UK residential property and those with taxable employment benefits.
‘This is not the first time HMRC has targeted residential property disposals in this way and it previously reported a 15% success rate when running a similar campaign for the 2017/18 tax year,’ Justin Stevenson, RSM associate director, wrote in a client briefing. ‘We understand that up to 14,000 letters are due to be sent over the next few months, which means HMRC anticipates up to 2,000 taxpayers have a liability to disclose. If this is correct, it’s an impressive return for limited effort.
‘The second campaign, again focused on the 2018/19 tax year, will target taxpayers where taxable employment benefits information provided to HMRC by employers does not match the personal tax returns submitted. Approximately 1,700 letters will be mailed, some to advisers and some directly to individuals,’ Stevenson explained.
According to accountancy firm RSM, HMRC is to launch two new targeted nudge letter campaigns in the coming weeks. The new campaigns are said to be aimed at those who have disposed of UK residential property and those with taxable employment benefits.
‘This is not the first time HMRC has targeted residential property disposals in this way and it previously reported a 15% success rate when running a similar campaign for the 2017/18 tax year,’ Justin Stevenson, RSM associate director, wrote in a client briefing. ‘We understand that up to 14,000 letters are due to be sent over the next few months, which means HMRC anticipates up to 2,000 taxpayers have a liability to disclose. If this is correct, it’s an impressive return for limited effort.
‘The second campaign, again focused on the 2018/19 tax year, will target taxpayers where taxable employment benefits information provided to HMRC by employers does not match the personal tax returns submitted. Approximately 1,700 letters will be mailed, some to advisers and some directly to individuals,’ Stevenson explained.
