Technical

Technical
1 December 2017

From 15 December 2017 taxpayers will no longer be able to make payments to HMRC at the Post Office, and from 13 January 2018 HMRC will no longer be accepting payments made from personal credit cards. In the run-up to the 2016/17 self-assessment payment deadline of 31 January 2018, members with clients who typically use these methods to pay their tax bills should alert them to this change as soon as possible and discuss alternative payment methods with them.

Technical
1 December 2017

The CIOT and ATT have written to HMRC regarding the challenging deadline for providing information under new anti-money laundering legislation for trusts and provide further updates on accessing the Trust Registration Service and the new Agent Services accounts.

Technical
1 November 2017

How HMRC plan to improve the complaints system

Technical
1 November 2017

Due to the delayed agent access to the new Trust Registration Service, HMRC are extending the self-assessment registration deadline for 2016/17 for trusts.

Technical
1 November 2017

HMRC’s consultation, announced at Spring Budget 2017, sought views from stakeholders on proposed policy options to prevent supply chain fraud in supplies of labour provision within the construction sector. The call for evidence closed on 9 June 2017 and HMRC has been collating the feedback.

Technical
1 November 2017

The CIOT responded to the Treasury consultation ‘Financing growth in innovative firms’, part of the government’s Patient Capital Review, considering barriers to accessing long-term investment (patient capital) for the development of young innovative firms.

Technical
1 November 2017

The Office of Tax Simplification (OTS) has published a call for evidence regarding whether using accounts depreciation to provide relief for capital expenditure instead of capital allowances would simplify the preparation of corporation tax and income tax computations

Technical
1 November 2017

The CIOT submitted two budget representations in advance of the Autumn 2017 Budget.

Technical
1 November 2017

The CIOT has submitted a response to the Scottish Government consultations on an overall 50% reduction policy plan and an Environmental Report.

Technical
1 November 2017

The CIOT and ATT agree with the OTS that the time is right to address whether disincorporation relief is achieving its purpose and to investigate what, if anything, can be done to make it more useful and more effective if it continues.