Draft Finance Bill legislation: new criminal offence for promoters of tax avoidance
The CIOT strongly supports taking a robust approach to those who continue to promote tax avoidance schemes but this need...
General Features
General Features
Minimum standards for new digital systems and digital forms
As the level of digital interaction with HMRC continues to increase, it has become increasingly necessary to think about...
Reform of the anti-money laundering and counter-terrorism financing supervisory regime
Currently anti-money laundering (AML)/ counter-terrorism financing (CTF) supervision in the UK involves three statutory ...
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Latest briefings
Stamp taxes on shares modernisation: CIOT response
In April, the government published a consultation on ‘Stamp Taxes on Shares modernisation’.
Charities tax compliance
In April, HMRC launched a consultation seeking views on several tax matters affecting charities and community amateur sp...
Cryptoassets decentralised finance consultation
Back in July 2022, HMRC issued a call for evidence on the tax treatment of decentralised finance (DeFi) transactions, co...
Tougher consequences for promoters of tax avoidance
CIOT response In its response, the CIOT reaffirmed its support for the government in taking a robust approach to those ...
The Tax Administration Framework Review: information and data
The consultation document considers: the use of third-party data by HMRC; pre‑population of tax returns; who is responsi...
Creating innovative change through new legislative pilots
The sandbox piloting approach being explored is defined in the consultation document as ‘a temporary environment where H...
Progress with Making Tax Digital
In May, the Public Accounts Committee (PAC) opened an inquiry entitled ‘Progress with making tax digital’ (MTD) (...