Autumn statement
The autumn statement will take place on 22 November.
Standard for agents
HMRC has updated its standard for agents information about how it treats assignments of income tax repayments by a taxpayer to their agent. Section 2.3.3 ‘interaction with clients’ now confirms that the concession where HMRC had accepted assignments received after 15 March 2023 as if they were nominations has ended.
Holdover relief nudge
HMRC is issuing one-to-many letters to taxpayers who made a gift holdover claim in their 2021-22 tax returns but either did not submit the required claim form or the form was unsigned by the donor and recipient the Chartered Institute of Taxation reports. Recipients of these letters have 30 days either to amend their tax returns or submit/resubmit a completed form. Failure to do so may result in HMRC’s amending the tax return or...
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