General Features

Technical
1 January 2019

Despite there being various tax and accounting implications to be aware of, there is very little factual guidance from HMRC or Department for Work and Pensions for recipients of Access to Work grants.

Technical
1 January 2019

Legislation introducing an anti-profit fragmentation rule incorporates a number of improvements on the previous draft legislation and original consultation proposals.

Technical
1 January 2019

The Finance Bill contains provisions to determine the tax treatment of social security income, and, in particular, the social security benefits devolved to Scotland, following LITRG discussions with the Scottish government.

Technical
1 January 2019

As you might expect from the press coverage and public debate in recent years around large multinational groups, particularly those involved in the digital space, but not exclusively, and whether or not they are paying a ‘fair’ amount of tax, the International Taxes Sub-Committee of the CIOT has been busy.

Technical
1 December 2018

In October, a number of ATT members took part in research sessions to help HMRC design digital forms that meet the needs of agents.

Technical
1 December 2018

HMRC has been running a private pilot for Making Tax Digital (MTD) for VAT since April 2018 with privately invited clients of software developers that were going through testing. Once the private pilot interface was tested thoroughly and further functionality delivered, HMRC were able to open the pilot publicly, although they have taken decisions to limit entry initially as well as delay MTD for VAT mandation for certain complex businesses. HMRC have also started writing directly to businesses to tell them about MTD.

Technical
1 December 2018

LITRG published a summary of the Budget announcements that affect those on low to modest incomes, explaining the effects of some of them.

Technical
1 December 2018

The Treasury Committee has opened its inquiry in the Budget, and the CIOT has scored various Budget announcements against the Treasury Committee’s principles of tax policy. How well did it score? Read on to find out.

Technical
1 December 2018

CIOT representatives met with the Financial Secretary to the Treasury, Mel Stride, in October to discuss a number of issues of concern to the Institute, primarily Making Tax Digital (MTD), Working Together and HMRC conduct.

Technical
1 December 2018

This month, in our series of articles about the CIOT’s technical sub-committees, CIOT Technical Officer Kate Willis outlines the work of the Property Taxes Sub-Committee.