Personal tax

Technical
1 November 2016

LITRG comments on the consultation by the Financial Conduct Authority on the guidance on the secondary annuity market

Technical

ATT, CIOT and LITRG have responded to the HMRC and HMT consultation document on draft legislation to simplify the income tax and National Insurance contributions (NIC) treatment of termination payments

Technical
1 October 2016

The ATT highlights issues experienced by members in claiming the transferable marriage allowance on behalf of clients through the self-assessment tax return.

Technical
1 October 2016

The CIOT responded to a call for evidence issued by the European and External Relations Committee of the Scottish Parliament, called to support its inquiry into the implications for Scotland’s relationship with the EU after the referendum on 23 June.

Technical
1 October 2016

The CIOT responded to a call for evidence issued by the Finance Committee of the Scottish Parliament to assist its inquiry into the operation of land and buildings transaction tax (LBTT). The CIOT response focused on the extent to which the rates and bands are consistent with some of the tax principles adopted by the Scottish Government, whether there should be any changes to the rates and bands, and the performance of Revenue Scotland in administering and collecting the tax.

Technical
1 October 2016

HMRC poses questions about the creation of a new supplanting offence in preparation for its receipt of information under the common reporting standard by 2018.

Technical
1 October 2016

Have your say on HMRC’s Making Tax Digital proposals.

Technical
1 September 2016

The Low Incomes Tax Reform Group (LITRG) provides an update on the rollout of universal credit, highlighting some recently announced changes to the schedule.

Technical
1 September 2016

LITRG and the ATT have responded to a government consultation on how to implement Help to Save. This scheme is intended to help eligible claimants of working tax credit or universal credit start to save, by offering a 50% government bonus on savings of up to £50 a month over four years.

Technical
1 September 2016

The CIOT and LITRG responded to the consultation on three options for reform of the tax regime for partial surrenders or partial assignments of life insurance policies to be implemented in Finance Act 2017.