Potential for HMRC to share tax payer data

With news that HMRC is considering proposals around sharing tax payer data with third parties, we’re not overly convinced this would be a good move and certainly have some concerns over data protection. The proposals being considered by HMRC would allow private companies, public bodies and researchers to be able to buy this data, a process which the Revenue insists will have ‘robust safeguards’ to prevent risk.

We believe instead that it would be far better for HMRC to look to improve its customer service to avoid lengthy delays in response to queries from accounting professionals, improve accuracy and re-invent their telephone help service.

The proposals outline that HMRC would not make a profit from this service for suppling this data, therefore, we see absolutely no benefit to the tax payer if HMRC chooses this route.