Technical

Technical
1 August 2018

At the time of writing (early July), there is only one new development to report on the MTD front since our update piece in June’s Technical Newsdesk: the draft legislation to deal with penalties for failing to make returns, penalties for late payment, and the way that interest is charged and repaid for VAT was published on 6 July 2018.

Technical
1 August 2018

This month, in our series of articles about the CIOT technical sub-committees, Richard Wild outlines the work of the joint CIOT and ATT Working Together Sub-committee.

Technical
1 July 2018

Some technical points relating to rates of tax and interactions with allowances

Technical
1 July 2018

The Work and Pensions Committee has now published its report on Universal Credit (UC) and self-employment making a number of recommendations that echo those made by LITRG in our October 2017 report and in written and oral evidence to the Committee.

Technical
1 July 2018

HMRC have advised us that the long-awaited update to VAT Notice 700/9: Transfer of business as a going concern is to be published shortly and have given us the opportunity to provide comment on the final draft.

Technical
1 July 2018

A joint survey of members has provided valuable insight for the ATT and CIOT responses to the call for evidence on the design of the VAT threshold.

Technical

The ATT, CIOT and LITRG each separately responded to the government’s employment status consultation and urged the government to undertake a broader debate on the taxation of employment.

Technical

The ATT and CIOT have responded to an HMRC consultation on the requirement for individuals and trustees to make a payment on account of CGT on the disposal of a residential property. The payment on account, together with a payment on account return, will be required within 30 days of completion.

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.