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HMRC is seeking views on proposed measures to address consumer protection issues for people who claim tax refunds through repayment agents.
The consultation asks whether HMRC should:
- restrict the use of assignments - a form of property law which is used to transfer the benefit of a taxpayer’s repayments to the agent;
- introduce measures designed to ensure taxpayers see material information about a repayment agent’s service before entering into a contractual agreement; and
- require repayment agents to formally register with HMRC.
While it is common for tax advisers and agents to undertake work that results in a repayment HMRC has seen a growth in businesses that specialise in helping taxpayers and businesses make claims to HMRC that result in a tax repayment as their main service without providing wider tax or accountancy services.
These repayment agents are often virtual advertising on social media and tend to operate a...
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Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
