OMB

Technical
1 August 2018

The ATT and CIOT have recently responded to a consultation on how best to extend the tax relief available to individuals paying for their own work-related training who cannot obtain relief under current rules.

Technical

The ATT and CIOT have responded to a consultation on proposals to tackle avoidance schemes where profits of trades or professions are moved outside the charge to UK tax.

Technical

The CIOT and ATT have responded to the HMT and HMRC consultation on changes to Entrepreneurs’ Relief intended to ensure that entrepreneurs are not discouraged from seeking finance to enable their companies to grow.

Technical
1 July 2018

The CIOT recently responded to the Treasury’s consultation on the introduction of a new approved fund structure within the Enterprise Investment Scheme (EIS), with the possibility of additional incentives to attract investment. Such a fund structure would be focused on mainly investing in knowledge intensive companies.

Technical
1 June 2018

The ATT and CIOT have responded to the consultation on reforms to the corporate intangible fixed assets regime.

Technical
1 May 2018

HMT and HMRC are consulting on changes to Entrepreneurs’ Relief to ensure that the conditions do not discourage entrepreneurs from seeking external finance for their companies

Technical

The ATT and CIOT have met with HMRC to discuss potential reforms to the corporate intangible fixed assets regime.

Technical
1 May 2018

We have received reports that HMRC are re-working SA302 payment calculations for some self-employed clients to take out the Class 2 National Insurance contributions.

Technical

Although relevant annual receipts not exceeding £1,000 may be non-taxable and the allowance may replace a deduction for actual expenses, record-keeping obligations remain.

Technical
1 April 2018

The government has consulted further on the principle of tax conditionality as a means of tackling the hidden economy by requiring those who require licenses to operate to demonstrate they are properly registered for tax.