HMRC Consultation: Better Use of Third-Party Data
· WOWERI
HMRC is holding a technical consultation to improve data quality. Learn how this may affect you and your tax obligations.
Introduction
HMRC is holding a technical consultation to improve the quality of third-party data. This consultation aims to improve the quality and consistency of data received from banks and other financial institutions on interest income and card sales.
Purpose of the Consultation
The purpose of the consultation is to gather views and feedback on improving the quality of data received by HMRC. This will help improve the efficiency of tax administration and reduce errors and discrepancies in tax returns.
How this may affect you
If you are an individual or business required to file tax returns with HMRC, this consultation may affect you. Learn how you can participate in the consultation and provide your views and feedback.
What to do next
- UK Skilled Worker Visa — Order
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Source: gov.uk