General Features

Technical
1 December 2017

October marked the first board meeting of the new Welsh Revenue Authority and the announcement of rates for Welsh Land Transaction Tax and Landfill Disposals Tax.

Technical

The ATT and CIOT have met with the Office of Tax Simplification (OTS) to discuss the potential impact on unincorporated businesses of replacing capital allowances with a deduction for accounting depreciation.

Technical
1 December 2017

From 15 December 2017 taxpayers will no longer be able to make payments to HMRC at the Post Office, and from 13 January 2018 HMRC will no longer be accepting payments made from personal credit cards. In the run-up to the 2016/17 self-assessment payment deadline of 31 January 2018, members with clients who typically use these methods to pay their tax bills should alert them to this change as soon as possible and discuss alternative payment methods with them.

Technical
1 December 2017

The CIOT and ATT have written to HMRC regarding the challenging deadline for providing information under new anti-money laundering legislation for trusts and provide further updates on accessing the Trust Registration Service and the new Agent Services accounts.

Technical
1 November 2017

The Office of Tax Simplification (OTS) has published a call for evidence regarding whether using accounts depreciation to provide relief for capital expenditure instead of capital allowances would simplify the preparation of corporation tax and income tax computations

Technical
1 November 2017

The CIOT and ATT agree with the OTS that the time is right to address whether disincorporation relief is achieving its purpose and to investigate what, if anything, can be done to make it more useful and more effective if it continues.

Technical
1 November 2017

Secondary and tertiary legislation has been published for consultation

Technical
1 October 2017

Control of a number of existing social security benefits is being passed from the UK Government to the Scottish Government and the Social Security (Scotland) Bill provides a framework for the creation of the Scottish social security system to deal with these benefits.

Technical
1 October 2017

The Barclay Review of Business Rates published its final report and recommendations to the Scottish Government at the end of August. The CIOT had provided the review with written and oral evidence during the course of its work on the guiding principles and practicalities behind reform of the system.

Technical
1 October 2017

The CIOT has asked the Scottish Government to confirm whether or not LBTT group relief is available where shares are pledged as security for a loan.