Draft Finance Bill legislation - Changes to data that HMRC collect

The ATT has submitted comments on the draft Finance Bill 2023-24 legislation Changes to data HMRC collects from customers published on 18 July 2023.

In summary, we consider that:

• the detail of any additional information required to be included in returns should have been contained within the primary Finance Bill legislation and not relegated to regulations;
• without knowing exactly what additional information is required, it is impossible to comment on how workable the plans for their provision are; and
• this enabling legislation provides unlimited scope for extra data and information in relation to direct taxes to be requested at a future date via regulations.

More details on the above can be found in our full response.