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HMRC have launched two new toolkits to help tax advisors avoid common errors when filing clients’ returns.
The offerings cover capital gains tax (land and buildings), and personal and private expenditure. They are intended to be easy to use, and were designed with input from tax agents.
Each toolkit includes checklists and explanatory notes, links to online guidance for more detailed information, and examples of frequently made mistakes and explanations on how to reduce them.
Three other kits are already available to help agents navigate capital gains tax for trust and estates, marginal small company relief, and capital allowances for plant machinery.
More toolkits will follow next year, according to the Revenue.
The offerings form part of the taxman’s pre-return support pilot scheme, which agents must join to view the department’s online tools. Use is not mandatory, however.
Brian Redford, head of HMRC’s agents and employers service improvement programme, said: ‘Agents are a key part of the tax system, helping our customers submit complete and accurate returns. These toolkits have been designed to help them do this crucial job. No one will be forced to use them.
‘We are very grateful to the agents who have made this possible by working with HMRC every step of the way. Without their input, from an agent’s viewpoint, the toolkits would not be as user-friendly as they are.
‘I would love to see more agents involved in the pilot and ask anyone interested to get in touch.’
