Jurisdiction(s):
United Kingdom

HMRC Autumn Budget 2024 consultation: modernising UK tax administration with partial enquiries, taxpayer self-correction, aligned Revenue Correction Notices and stricter claims information requirements to address careless errors

Published on: 14 November 2024

Published by a LexisNexis Tax expert

Legal News

Article summary

On 30 October 2024, alongside the Autumn Budget, HMRC launched a consultation on proposals to modernise and reform the UK’s tax administration system. The consultation seeks views on potential changes to HMRC’s powers, intended to make it simpler and quicker for taxpayers to put matters right, while helping HMRC collect tax more effectively and efficiently.

What is the background to this consultation?

There has been a concentrated effort in recent years to shrink the ‘tax gap’—the difference between what is owed to HMRC and what is actually paid. Through this Budget, the current government have signalled continued commitment to that goal.

The latest figures indicate that careless errors—particularly by individuals and small businesses—account for most of the shortfall. Individually small, these mistakes collectively amount to very large sums. A series of consultations in recent years has examined reform of the UK’s tax administration, aiming to make it more straightforward for taxpayers and allow HMRC to focus resources where they are most effective. This consultation sits in that tradition, and specifically addresses the principal source of the tax gap: large numbers of taxpayers making careless mistakes. Its emphasis is on speedy correction by taxpayers and more efficient tax collection by HMRC...

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