Current VAT property issues
The Indirect Taxes Sub-Committee has been working on VAT issues relating to property. They include working with the European Commission on defining what are and are not ‘land-related services’.
The Indirect Taxes Sub-Committee has been working on VAT issues relating to property. They include working with the European Commission on defining what are and are not ‘land-related services’.
The CIOT has submitted a response to the Scottish government consultation on the Scottish Fiscal Commission, which was set up on a non-statutory basis in June 2014.
HMRC and the Scottish government continue with their preparations for the Scottish rate of income tax (SRIT), which will take effect from 6 April 2016.
Tax-free childcare (TFC) was due to be implemented in October 2015 but the government announced on 1 July that implementation will be delayed until early 2017.
After an extended delay we now have the feedback from the workshops in February and March 2015 to discuss the future of Working Together in a digital age.
LITRG and CIOT have made submissions in response to the call for evidence issued by the Commission on Local Tax Reform set up by the Scottish government.
We have received reports from members of continuing delays by the Option to Tax National Unit in responding to options that have been notified.
The last meeting of the CIOT’s Technical Committee discussed social investment tax relief (SITR) and in particular whether the time is right for the Technical Team to increase its efforts in this a
The CIOT and ATT have commented on the legislation that was issued as a consultation draft in March 2015 setting out amendments to the tax-advantaged venture capital schemes seed enterprise investm
In recent instalments of Technical Newsdesk we have reported on the CIOT’s submissions to HMRC setting out members’ concerns about changes to entrepreneurs’ relief (ER) announced in part at Budget