Indirect Tax

Technical
1 February 2017

The Government has asked the Office of Tax Simplification (OTS) to review the Stamp Duty system, and we would like to hear your views.

Technical

The Government has asked the Office of Tax Simplification (OTS) to review the operation of the VAT system. The terms of reference are wide ranging, and we would like to hear your views.

Technical
1 January 2017

A call for evidence on the economic impact of leaving the European Union (EU).

The CIOT made a submission in response to a call for evidence issued by the Economy, Jobs and Fair Work Committee of the Scottish Parliament, in respect of their inquiry on the economic impact of leaving the EU.

Technical
1 January 2017

HMRC have issued Revenue and Customs Brief 16/2016, clarifying that its policy has not changed on the deduction of VAT relating to goods and services used by a business before it registers for VAT.

Technical
1 January 2017

The CIOT and ATT have each responded to HMRC’s recent consultation ‘Penalty for participating in VAT fraud’, which proposes changes to the manner in which penalties will be imposed on both persons who actually engage in VAT fraud, and those who are caught up in a fraudulent chain of transactions where they knew or ought to have known that fraud was involved.

Technical
1 December 2016

CIOT comments on the proposals to tax sugary beverages.

Technical
1 November 2016

The CIOT has responded to a call for evidence from the Finance Committee of the Welsh National Assembly on the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Bill (‘the Bill’)

Technical
1 November 2016

The CIOT responded to the ‘Stamp duty land tax: changes to the filing and payment process’ consultation that followed the announcement at Autumn Statement 2015 that the SDLT filing and payment period will be reduced from the current 30 days to 14 days after the effective date of the transaction (to be implemented during 2017-18 with the exact date to be confirmed)

Technical
1 November 2016

CIOT has engaged with HMRC on the meaning of the term ‘use and enjoyment’ for VAT purposes

Technical
1 October 2016

Land transaction tax (LTT) will replace the UK stamp duty land tax (SDLT) in Wales from April 2018. The Welsh Government consulted widely on the policy design of LTT. Since consulting on proposals for LTT, changes have been introduced to SDLT and Scottish Land and Buildings Transaction Tax (LBTT): in particular, the higher rates charged on purchases of additional residential properties introduced by the UK and Scottish Governments from 1st April this year.