General Features

Technical

The CIOT, LITRG and ATT have all responded to HMRC’s latest consultation on late submission penalties and late payment penalty interest.

Technical
1 August 2017

The government set out their programme for the new parliamentary session on 21 June. Unusually, the new session is scheduled to last two years rather than the usual one and is likely to be dominated by Brexit legislation. Among the 27 Bills and draft Bills the following will be of particular interest to tax professionals.

Technical
1 July 2017

April 2016 saw new rules limiting home to work travel and subsistence expense relief for workers employed through an intermediary, such as an umbrella company. Even where such expenses could be allowed, other new rules restrict the ways in which umbrella companies can reimburse workers’ expenses. LITRG reviews how the April 2016 rules are operating in practice. Umbrella companies have had to adapt and you may start to see some interesting issues in practice as a result.

Technical
1 June 2017

The CIOT has submitted additional written evidence and given oral evidence to the Finance and Constitution Committee in respect of its inquiry into a Scottish approach to taxation; we have also submitted a response to the consultation on the interim report of the Budget Process Review Group.

Technical
1 June 2017

Tax-Free Childcare started to accept claims from 21 April 2017 and will continue to roll-out during 2017. This article provides an update on who can claim and what it means for employer supported childcare schemes.

Technical
1 June 2017

LITRG is keeping a watch on the problem of ensuring that tax and financial advice are adequately linked up

Technical
1 June 2017

Contrary to popular belief, Making Tax Digital (MTD) is not dead. Keep an eye out for developments, especially the ‘launch’ of the pilot later this month.

Technical
1 June 2017

Although the ‘wash up’ process resulted in the enactment of a Finance Act significantly shorter than the Finance Bill, rushing legislation through Parliament in this way is unsatisfactory. Also the process has led to a period of significant uncertainty in respect of rules which were intended to start on 1 or 6 April. The good news is that the move to holding a single fiscal event (Budget) in the autumn will lead to Finance Bills introduced in December and passed in the spring, which means hopefully this situation will not occur in the future.

Technical
1 May 2017

A small scale pilot of the Making Tax Digital (MTD) programme has just commenced. Look out for announcements from HMRC of the official ‘go live’ of the pilot, but before signing up check to see whether it is right for you and your clients.

Technical
1 May 2017

Every year CIOT, ATT and LITRG produce dozens of briefings for MPs considering the Finance Bill.