Toolkits to help minimise common errors – update
HMRC has published 2 updated toolkits: Income Tax Losses and Private and Personal Expenditure. These updated toolkits include new functionality that allows users to save electronically or print client information.
By way of reminder, these toolkits provide guidance on areas of error that HMRC frequently see in returns and set out the steps that can be taken to reduce those errors. Thus the toolkits are intended to help:
- Ensure that returns are completed correctly, minimising errors
- Focus on the areas of possible error that HMRC consider key
- Demonstrate reasonable care