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<p>HM Revenue and Customs (HMRC) receive data routinely from a variety of sources.
This data supports compliance activity to reduce the size of the gap between the tax
which is owed and that which is paid.</p><p>HMRC understand that the short-term property
letting market is a rapidly evolving sector and are working in partnership with companies
such as Airbnb to address the tax consequences of these changes, supporting taxpayers
in ensuring they are aware of their tax obligations and pay the right tax at the right
time.</p><p>HMRC are bound by a strict duty of confidentiality as laid down in the
Commissioners for Revenue & Customs Act (CRCA) 2005 with respect to all of the
information they hold in connection with their functions. HMRC officials may share
information only in the limited circumstances set out in legislation, which include
disclosures for the purposes of HMRC’s functions, through specific information sharing
legislative gateways.</p>
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