'One To Many' letters for Persons of Significant Control
20 Jun 2023
HMRC’s Wealthy Team are in the process of sending out letters to those registered as Persons of Significant Control but who have either: not completed a tax return, or who have completed a tax return in 2021/22 but whose income is ‘lower compared to most in a similar position’. Those who have not completed a return will be invited to take an online checker to determine whether they should be completing returns. Those whose disclosed income is believed to be incorrect will be invited to amend their 2021/22 tax return and ensure their 2022/23 return includes the additional income; they will have until 18 August 2023 to respond.