Technical

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

Further changes to information requirements for the Trust Registration Service.

Technical

The CIOT and ATT recently asked members why they might still need to contact HMRC for SA302 calculations. We have sent the feedback we received to HMRC, and will keep members informed of any further developments in this area.

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
1 January 2018

The CIOT has welcomed HMRC’s intention to preserve in legislation the effect of ESC A37 and the administrative practices at EIM03002, EIM01120 and EIM61030.

Technical
1 January 2018

The CIOT continues to engage regularly with HMRC on the Making Tax Digital (MTD) for VAT plans. Initial primary legislation has been published and secondary legislation is expected before the end of 2017.

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
1 January 2018

The Autumn Budget revolved around embracing the future, in particular the changes, challenges and opportunities facing the UK as we prepare for Brexit – but what were the key announcements for those on the lowest incomes?

Technical
1 January 2018

Finance Bill 2017-18 was published on 1 December. At time of writing it was scheduled to get its second reading in the House of Commons on 11 December and for two days of debate in Committee of the Whole House on 18 and 19 December. The remaining clauses are expected to be debated in Public Bill Committee in the New Year, with the Bill passing its remaining stages and gaining Royal Assent before the end of March.

Technical
1 December 2017

LITRG recently responded to a consultation by the Director of Labour Market Enforcement which moots a possible extension of the GLAA licensing system.