Search

Why have a CPD requirement at all?

CPD is the requirement to maintain and develop the skills and competencies necessary to carry out professional and technical duties competently througho

The peak SA return season is upon us and a regular matter raised by members this year has been HMRC’s mixed advice regarding the correct way to resolve the issue of HMRC revising SA tax returns for

Much has changed in the world of professional practice since ATT appointed me as a director of the TDB in the summer of 2012.

On 15 August 2016, HMRC published six consultation documents on its Making Tax Digital proposals.

The CIOT responded to the consultation document, Reforms to Corporation Tax Loss Relief.

Widening the scope of the SSE – ideally to a comprehensive exemption – would increase the UK’s competiveness and could also benefit the relief’s simplicity and coherence.

Clause 35 of Finance Bill 2016 introduces a targeted anti-avoidance rule (TAAR) for specified distributions made on a winding-up.

HMRC has provided a statement of its position on voluntary ITSA returns as a result of the First-tier Tribunal case of Revell v HMRC [2016] UKFTT 97. 

It reads:

We have written to HMRC to express concerns that Finance Bill 2016, cl 35 will lead to unintended consequences, and create uncertainties for taxpayers undertaking commercial transactions with no ta

Clause 72 and accompanying Schs 11 and 12 deal with the legislation to enact a reduction in the rate of CGT from 6 April 2016 from 18% and 28% to 10% and 20% respectively.