Technical

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

The CIOT has responded to both recent Inquiries established by the Treasury Sub-Committee, and LITRG responded to the second Inquiry. Our written responses will be published on our websites once an order to be published has been made by the Sub-Committee. We may also be called to provide oral evidence to the Sub-Committee in due course.

Technical

CIOT, LITRG and ATT have all criticised the government’s proposal in its consultation document to introduce legislation to implement a new tax assessment time limit of 12 years in cases involving offshore matters: the case for such a large and broadly applied increase in the time limit has not been made.

Technical
1 July 2018

The CIOT and ATT have responded to the Treasury Committee’s wide-ranging Inquiry into VAT. Our written responses are published on our websites and we may also be called to provide oral evidence to the Committee in due course.

Technical

This month, in our series of articles about the CIOT’s technical sub-committees, our Technical Officers Angela Fearnside and Jayne Simpson outline the work of the Indirect Taxes Sub-committee.

Technical
1 June 2018

The Welsh Revenue Authority (WRA) recently published its Charter of Standards and Values and their Corporate Plan for 2018-19 . The Charter was subject to a consultation which the Low Incomes Tax Reform Group (LITRG) responded to .

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

The CIOT (and others) write to HMRC to clarify the position regarding transfers of going concerns for taxpayers following recent changes in guidance and the Intelligent Management Services Limited case