The CIOT has responded to consultations by the UK government and the OECD/G20 Inclusive Framework on BEPS on the Pillar 2 rules addressing the tax challenges arising from the digitalisation of the economy – the Global Anti-Base Erosion Model Rules.
ATT, CIOT and LITRG press releases gave their initial reactions to the announcements on tax by the Chancellor in his Spring Statement on 23 March 2022 and to the Tax Plan that sets out the government’s future direction of travel in relation to tax policy.
In its conclusion to the Business Rates Review consultation in 2020-21, the government committed to exploring whether introducing an online sales tax may be a viable option to address the rebalancing of the business rates system, where the costs of business rates for bricks and mortar high street retailers exceed those for online retailers who are generally less dependent on high value properties.
The CIOT and the Stamp Taxes Practitioners Group have responded to the recent consultation by the Welsh government on using land transaction tax to help to address the impact of second homes and short-term holiday lets on permanent housing in Wales.
Representatives of the CIOT, LITRG and the ATT have attended recent forums with HMRC, including the Employment and Payroll Group, the Collection of Student Loans Group, the Expat Tax Forum and the Employment Status and Intermediaries Forum.
The CIOT has responded to a technical consultation on draft regulations relating to the freeports zero rate of secondary Class 1 national insurance contributions, which will relax the working time requirement for certain freeport site employees.