Technical

Technical
1 October 2017

The CIOT has urged the government to act swiftly to turn the proposals in its paper for a future customs relationship with the EU into agreed measures that will give businesses a long lead-in period before Brexit.

Technical
1 October 2017

The European Union (Withdrawal) Bill was published in July 2017. This Bill is intended to be the legal basis of the application of what will become retained EU law in the UK following Brexit. The CIOT welcomes the early publication of this Bill, which provides all interested stakeholders with an opportunity to consider it.

Technical
1 October 2017

A summary of the key elements of Making Tax Digital, and what’s ahead.

Technical

The CIOT commented on the draft legislation published in July 2017 in relation to non-doms and substantial shareholding exemption (SSE); these provisions are now incorporated into Finance (No 2) Bill 2017 published on 8 September 2017. In addition, the draft legislation published in July reflected a change that the CIOT had recommended in relation to hybrid mismatch arrangements. The Finance (No 2) Bill 2017 also reflects a change to SSE rules which addresses the concern we raised.

Technical
1 September 2017

Is UK law and HMRC policy in relation to certain duty points and suspension restrictions in line with EU law, following a landmark decision by the European Court?

Technical
1 September 2017

Drawing on our experience in the UK of our Disclosure of Tax Avoidance Schemes (DOTAS) rules, the CIOT has contributed to an Opinion Statement prepared by the Confédération Fiscale Européenne (CFE), the European association of tax advisers, on the European Commission’s proposal to introduce Europe wide mandatory disclosure rules and effective disincentives for tax intermediaries (including advisers) that design or sell potentially harmful tax schemes.

Technical
1 September 2017

While tax advisers themselves must not give pension transfer advice, unless also suitably qualified and regulated by the FCA, tax may be a key factor in making appropriate choices.

Technical
1 September 2017

Accounts that pay rewards can cause confusion for taxpayers. The LITRG website explains further.

Technical
1 September 2017

The CIOT has published an overview of the new offence to help members understand what they need to do to comply. The offence comes into force on 30 September 2017.

Technical
1 September 2017

Entities engaging in financial transactions from 3 January 2018 will need a new identification code as part of enhanced global transparency measures.