OTS to review smarter ways to use third party personal tax data

OTS to review smarter ways to use third party personal tax data
OTS outlines scope of a new review looking at the considerations, impacts and priorities HMRC should focus on in this area.
From:
Details
This new review will explore the opportunities set out in the government and HMRC’s ten-year Tax Administration Strategy for ‘smarter use of data on taxpayers and their activities – pre-population of tax returns, including with data from third-parties – to reduce the need for taxpayers and agents to submit additional information that HMRC either already holds or could verify itself’.
The review will look at the principles that should apply in relation to third-party data and taxpayers generally. It will also consider sources of third-party data that it could be helpful to individuals for HMRC to receive, and how this can best be embedded into the next stage of HMRC’s work on the single digital account and system design more generally.

Related Keywords

United Kingdom , , Tax Administration Strategy , Tax Reporting , ஒன்றுபட்டது கிஂக்டம் , வரி புகாரளித்தல் ,