Help for vulnerable taxpayers
It is two years since HMRC closed its enquiry centres, removing the means for taxpayers to receive face-to-face assistan...
Technical
Technical
Direct recovery of debts
In June, representatives of the CIOT, ATT and LITRG attended the first meeting of the direct recovery of debts (DRD) sub...
Offshore tax evasion – FB 2016 cll 150 and 154
We have written to HMRC to express concerns about Finance Bill 2016 cll 150 and 154.
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SDLT: Higher rates for additional dwellings
Clause 117 provides the legislation to bring into effect the additional 3% SDLT when individuals buy additional resident...
FB 2016, cl 82 inheritance tax: increased nil rate band (Downsizing)
Finance Bill 2016, cl 82 and Sch 15 ensures that the inheritance tax residential nil-rate band (RNRB) is available when ...
Entrepreneurs’ relief – FB 2016 clauses amendments (23 June 2016)
As reported in the July edition of Technical Newsdesk, the entrepreneurs’ relief (ER) stakeholder group raised the need ...
Reduction in the rate of capital gains tax
Clause 72 and accompanying Schs 11 and 12 deal with the legislation to enact a reduction in the rate of CGT from 6 April...
Distributions in a winding up – FB 2016, cl 35
We have written to HMRC to express concerns that Finance Bill 2016, cl 35 will lead to unintended consequences, and crea...
Scotland update – consultation on a Scottish replacement to air passenger duty
The CIOT responded in June to a Scottish Government consultation on a Scottish replacement to APD.
Marriage allowance
The marriage allowance should allow spouses or civil partners to allocate 10% of their personal allowance to their spous...