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Capital Gains Tax

Question for Treasury

UIN 20398, tabled on 25 February 2020

To ask the Chancellor of the Exchequer, pursuant to the Answer of 6 February 2020 to Question 11458 on Capital Gains Tax on what date the comprehensive communications plan began.

Answered on

2 March 2020

HMRC recognise that this is a significant change and on 24 February started to roll out a comprehensive communications plan publicly, so that people understand what the changes mean for them and what they need to do. HMRC are confident that the majority of tax agents are aware of this change, as it has been widely reported in the sector media.

On Monday 24th February HMRC held a webinar with approximately 1,200 agents to talk through the new process and requirements. This was well received and HMRC is in the process of planning further events around the time of implementation. A news story on GOV.UK has now been published: https://www.gov.uk/government/news/get-ready-for-changes-to-capital-gains-tax-payment-for-uk-property-sales.

Further targeted communications are planned throughout March into April, and throughout the year, to make sure this information is fully embedded.

Answered by

Treasury
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