HM Revenue & Customs (HMRC) has stressed that tax laws have not changed following the UK’s vote to leave the European Union.
The result has generated much economic and financial uncertainty. However, a recorded message on the HMRC helpline informs callers that tax rules and regulations remain the same.
The message states: ‘There are no changes to any taxes, tax credits, child benefits or other HMRC services as a result of the vote on the EU referendum.
‘Everything is continuing as normal. No laws have changed. There is no need to contact HMRC as a result of the EU referendum.’
The message is intended to deter individuals from calling HMRC in relation to the vote to leave.
Plans had been made prior to the vote to add the recorded message to the helpline: the tax authority stressed that this had not been added as a result of taxpayer calls.
Some significant changes to financial regulations are expected to come into effect in the future. Whatever these changes may involve, we will keep you up-to-date on any measures that could affect you and your business, and will continue to assist with your tax and financial planning requirements, both now and in the future. Please contact us for advice.