ATT Welcome: A parallel tax universe
I had been working in tax for around 20 years when I attended an International Tax meeting. At some point, I casually mentioned that the UK’s personal tax year ends on 5 April.
I had been working in tax for around 20 years when I attended an International Tax meeting. At some point, I casually mentioned that the UK’s personal tax year ends on 5 April.
And this new tax year is rather a special one: at long last, we have reached the official start date for Making Tax Digital (MTD) for Income Tax.
From April 2027, most unused pension assets and certain death benefits will be brought within the taxable value of an individual’s estate for IHT purposes.
In a lengthy representation sent to Finance Bill Public Bill Committee members, including ministers and shadow ministers, CIOT had warned that the legislation was too broadly written, with HMRC ask
The Guidance Strategy Forum (GSF) meets quarterly, bringing together representatives from professional bodies including ATT, CIOT and CIOT’s Low Incomes Tax Reform Group (LITRG), as well as other s
These call on HMRC and the government to implement practical reforms to improve compliance, reduce errors and improve taxpayers’ and agents’ interactions with the tax system.
An agent could post a Forum message about an issue they had encountered, which gave other agents the opportunity to confirm whether they too had experienced the same problem.
These themes were explored at a recent joint Tax Research Network and CIOT webinar on AI in tax research, education and the profession, bringing together
910 CTA candidates sat exams with a further 313 candidates on the ACA CTA Joint Programme (with ICAEW) and 26 candidates sat a paper on the CA CTA Joint Programme (with ICAS).
With the introduction of MTD on the near horizon, the LITRG information hub has been designed to help taxpayers who are unable to afford professional tax advice by providing free, clear and practic