HMRC is reviewing the position for taxpayers where the disposal figures declared on the individuals’ 2019/20 self-assessment return differs from disposal figures declared by the purchasing company, according to an HMRC briefing shared by the CIOT.
HMRC will send a letter to these individuals to advise that HMRC information shows that they have disposed of shares, but this may not have been reflected correctly on their self-assessment return.
Those taxpayers will be asked to check their 2019/20 return and if there has been an error to submit a disclosure using the digital disclosure facility.
HMRC is reviewing the position for taxpayers where the disposal figures declared on the individuals’ 2019/20 self-assessment return differs from disposal figures declared by the purchasing company, according to an HMRC briefing shared by the CIOT.
HMRC will send a letter to these individuals to advise that HMRC information shows that they have disposed of shares, but this may not have been reflected correctly on their self-assessment return.
Those taxpayers will be asked to check their 2019/20 return and if there has been an error to submit a disclosure using the digital disclosure facility.
