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LITRG has been a member of HMRC’s Help-to-Save Stakeholder Forum throughout the pilot phase and the launch of the account, helping to ensure that it best meets the government’s aims.

HMRC carried out a bulk mailing of letters in early November 2019 to a subset of taxpayers whose tax affairs are dealt with by HMRC’s Wealthy & Mid-Sized Business unit.

The letter says that HMRC are writing because they have information that the recipient is living in a property which is legally owned by an overseas company, and that the person may need to deduct