Technical

Technical
1 December 2017

LITRG responds to an enquiry into pensions freedom.

Technical
1 December 2017

The LITRG have published a report summarising the main shortcomings of the current universal credit system in respect of the self-employed and suggesting positive reforms that would encourage entrepreneurial activity and relieve administrative burdens.

Technical
1 December 2017

October marked the first board meeting of the new Welsh Revenue Authority and the announcement of rates for Welsh Land Transaction Tax and Landfill Disposals Tax.

Technical
1 December 2017

Fulfilment House Due Diligence scheme – stakeholder meeting and further consultation on draft regulations.

Technical
1 December 2017

Business needs certainty in order to prepare for changes to cross-border trade post-Brexit.

Technical

The ATT and CIOT have met with the Office of Tax Simplification (OTS) to discuss the potential impact on unincorporated businesses of replacing capital allowances with a deduction for accounting depreciation.

Technical
1 December 2017

The CIOT and ATT have each written to HMRC to express their concerns over the guidance published on the distributions on company winding up (or phoenixing) Targeted Anti-Avoidance Rule (TAAR) introduced by Finance Act 2016.

Technical
1 December 2017

These snacks have confusing recipes

Technical
1 December 2017

The non-dom reforms are substantively enacted in Finance (No 2) Act 2017 (which received Royal Assent at the end of November) and take effect from 6 April 2017 but with more anti-avoidance provisions to come in the Winter Finance Bill, the CIOT continues to engage on the changes.

Technical
1 December 2017

In September 2017 the government published draft clauses for the Finance Bill which will be published in December 2017, known as the Winter Finance Bill, along with accompanying explanatory notes, tax information and impact notes and other supporting documents. The CIOT commented on a number of these.