General Features

Technical
1 October 2017

A summary of the key elements of Making Tax Digital, and what’s ahead.

Technical
1 September 2017

While tax advisers themselves must not give pension transfer advice, unless also suitably qualified and regulated by the FCA, tax may be a key factor in making appropriate choices.

Technical
1 September 2017

Entities engaging in financial transactions from 3 January 2018 will need a new identification code as part of enhanced global transparency measures.

Technical
1 September 2017

The Office of Tax Simplification (OTS) has published a focus paper calling for views on whether disincorporation relief (which is due to expire on 31 March 2018) is achieving its purpose.

Technical
1 August 2017

The impact of unclear and out of date guidance can be a significant barrier to the smooth and fair operation of the tax system. This is an issue that our members regularly contact us about. What can be done to improve the current situation?

Technical
1 August 2017

Appeals to the tax tribunal can now be filed online.

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.