Personal tax

Technical

The ATT and CIOT have responded to an HMRC consultation on the requirement for individuals and trustees to make a payment on account of CGT on the disposal of a residential property. The payment on account, together with a payment on account return, will be required within 30 days of completion.

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 CIOT submitted a response to the Scottish government’s consultation on an amendment to Land and Buildings Transaction Tax group relief. LITRG responded to the Scottish government’s consultation on draft regulations making provision in relation to Social Security appeals, in particular the draft rules of procedure.

Technical
1 June 2018

Keep up to date with Making Tax Digital with the help of the CIOT and ATT.

Technical
1 June 2018

Personal tax accounts do not always show the code number that has actually been issued; and a few reminders in relation to PAYE underpayments.

Technical
1 May 2018

Last month, Meredith McCammond of LITRG explored how Real Time Information data is used in the benefits system. In this article, we explore potential problems that may occur and provide some important updates on the use of RTI data in the universal credit system.

Technical

The Government have announced that the tax and National Insurance (NI) relief offered through childcare vouchers will remain available to new applicants for a further six months

Technical

The CIOT and ATT submitted responses to the Scottish government’s consultation on the criteria for determining eligibility to a first-time buyers’ relief and the draft secondary legislation required to deliver the relief.