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Members need to be aware that we will shortly be commencing the next review of members’ Continuing Professional Development records for the year ended 31 December 2020.

Representatives of the Climate Change Working Group attended a meeting with HMRC’s new lead on Carbon Net Zero in relation to taxation policy.

The CIOT and ATT have continued their engagement with HMRC to review their estimates of transitional and ongoing costs of compliance with Making Tax Digital.

GOV.UK guidance structure, how updates to guidance are made and reliance on guidance were examined in HMRC’s Guidance Strategy Forum in January. 

The Low Incomes Tax Reform Group has approached HMRC to seek an understanding of the way powers of attorney are dealt with by the department.

There has been a minor change to the Member in Practice definition which clarifies which members are within the scope of the Professional Indemnity Insurance Regulations.

The CIOT has provided further written and oral evidence to the Treasury Committee’s inquiry into the economic impact of coronavirus, more recently focusing on the gaps in government support.

HMRC consulted recently on changes to the SDLT1 form in advance of the introduction of the stamp duty land tax surcharge of 2% for non-residents. 

The CIOT responded to the Ministry of Justice consultation on ‘Reforms to arrangements for obtaining permission to appeal to the Court of Appeal’.

Members need to be aware of the changes to the financial sanctions arising as a result of the end of the transition period and their impact on carrying out anti-money laundering client due