News Summary

• HMRC carried out an evaluation of the notification of Uncertain Tax Treatment policy covering its first three years of implementation (April 2022 to March 2025).
• This policy aims to increase transparency and speed discovery of cases.
• It also aims to reduce the legal interpretation tax gap and meet HMRC’s strategic objectives to collect the right tax and to make it easier to follow the rules.
• The evaluation found that the policy is meeting its objectives of changing companies’ behaviour by increasing tax position transparency and the cost of complying with the policy was not found to be unreasonable by most.