Online errors hit tax revenue
Up to £3.7bn of tax could be at risk because of errors on self-assessment forms, according to a report from the House of Commons Public Accounts Committee
A report out this week said some 46% of self-assessment returns were
submitted online last year, significantly exceeding HM Revenue & Customs’
But the committee warned that 34% of filed returns were inaccurate, putting
£2.9bn to £3.7bn in revenue at risk.
The committee also voiced concern at a second delay moving taxpayer records
which could leave more than 16m taxpayers unaware that their tax records have
outstanding queries which could result in future demands
for tax or a refund.