OMB

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.

Technical

In the second of a series of articles about the CIOT’s technical sub-committees, CIOT Technical Officers Matthew Brown and Margaret Curran review the work of the Owner Managed Business (OMB) sub-committee.

Technical
1 March 2018

New ‘risk to capital’ condition for venture capital schemes: draft guidance

Technical
1 February 2018

Growing and developing complications for EIS, SEIS and VCTs.

Technical
1 January 2018

The CIOT and ATT have met with the Office of Tax Simplification (OTS) to discuss the potential impact of replacing capital allowances with a deduction for accounting depreciation

Technical
1 January 2018

The CIOT has been in correspondence with HMRC regarding to what extent abridged accounts for small entities prepared under FRS102 1A are acceptable to HMRC, for instance when attaching the accounts to a form CT600 (Corporate Tax Return).

Technical

The CIOT, LITRG and ATT have commented on the proposed Making Tax Digital (MTD) for Business secondary and tertiary legislation for Income Tax

Technical

The ATT and CIOT have met with the Office of Tax Simplification (OTS) to discuss the potential impact on unincorporated businesses of replacing capital allowances with a deduction for accounting depreciation.