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LBTT additional homes supplement reference group

Representatives of the CIOT attended a meeting set up by the Scottish government to provide input into the development and implementation

HMRC plans to undertake a consultation on three issues relating to VAT groups and cost sharing. This is in response to recent case law, including Larentia and Minerva and Skandia.

Background

The digital marketplace offers an opportunity for business expansion.

The Scottish Government published its draft Budget 2016–17 in December and announced its tax proposals for 2016–17. In particular, the first Scottish Rate of Income Tax (SRIT) will be set at 10%.

The Environmental Taxes Working Group (ETWG) met on 17 December 2015 to discuss changes in the 2015 Budget, Autumn Statement and HM Treasury’s consultation on a proposed single climate tax.

The CIOT has backed the idea of a single climate tax on businesses in the Treasury consultation, Reforming the business energy efficiency tax landscape.