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Changes to paying tax: at the Post Office and by personal credit card
Paying at the Post Office The Transcash service at the Post Office is being withdrawn from 15 December 2017 and, as a r...
Reserved activity
A short while ago the CIOT started to receive reports from members that HMRC were sometimes using a deed to settle tax e...
OTS focus paper on disincorporation relief: CIOT and ATT responses
Members will be aware that disincorporation relief was intended to help address the problems faced by some small busines...
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Latest briefings
Making Tax Digital
Following the publication in September of the Finance (No 2) Bill 2017 which contains the enabling legislation for Makin...
Consultation on the Business Risk Review
For the last decade, the Business Risk Review (BRR) has been a core feature of how HMRC manage the tax compliance of the...
Corporate criminal offence of failure to prevent the criminal facilitation of tax evasion: Criminal Finances Act 2017
The CIOT’s overview includes basic information about the corporate criminal offence and some specific material relating ...
Penalties for late non-resident Capital Gains Tax (NRCGT) returns
We have been in discussion with HMRC following recent reports from members of substantial penalties being levied for lat...
2016/17 Self-Assessment tax returns affected by exclusions
In July’s edition of Tax Adviser Giles Mooney and Tim Good provided guidance on navigating the complex field...
Distributions in a winding up TAAR: new HMRC guidance
The TAAR, found in ITTOIA 2005 s396B, was introduced to prevent individuals converting what would otherwise be a dividen...
OTS paper on disincorporation relief
Background to disincorporation relief Disincorporation relief was introduced by Finance Act 2013.