In its response to HMRC’s second consultation on proposals to introduce a new corporate criminal offence of failure to prevent the criminal facilitation of tax evasion, the CIOT’s main concerns wer
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.
As reported in the July edition of Technical Newsdesk, the entrepreneurs’ relief (ER) stakeholder group raised the need for amendments to Finance Bill 2016, mainly at cl 73 (associated disposals) w
Finance Bill 2016, cl 82 and Sch 15 ensures that the inheritance tax residential nil-rate band (RNRB) is available when a person downsizes or ceases to own a home and other assets are passed on dea
Clause 117 provides the legislation to bring into effect the additional 3% SDLT when individuals buy additional residential properties from 1 April 2016.
We have written to HMRC to express concerns about Finance Bill 2016 cll 150 and 154.
In June, representatives of the CIOT, ATT and LITRG attended the first meeting of the direct recovery of debts (DRD) sub-group set up by the compliance reform forum (CRF).
The government is proposing to change the structure of how it offers financial guidance to the public. The intention is twofold:
HMRC has been consulting on proposals for a tax framework for the secondary annuity market, which is intended to come into effect in April 2017.
