HMRC One to Many letters for Investors’ Relief claims

HMRC’s Wealthy Team are sending One to Many letters (see templates below) to those taxpayers who made a claim for Investors’ Relief in their 2022/23 tax returns. There are two letters being sent out: one to those whom HMRC believe do not qualify for such a claim, another to those whose information provided is insufficient to verify their claim. Recipients are invited to amend their returns within 30 days of the letter date or face potential penalties if HMRC subsequently open an enquiry and errors are found.

HMRC OTM - Investors Relief Insufficient Information
HMRC OTM - Investors Relief Invalid Claim