Blog archive - 2017

This year’s Queen’s Speech introduces a two-year programme, dominated by Brexit. It contains 27 Bills and draft Bills. 

In his lecture at the RSA, former Tax Director of the OTS John Whiting CBE told an audience that although tax simplification comes at a price, the dividend for taxpayers and HMRC in the long run makes it well worth pursuing. Whiting had held the role at OTS since it was established in 2010 until stepping down in March and is currently a non-executive director of HMRC and Revenue Scotland. He was introduced to the audience by CIOT President John Preston, and Helen Miller of the IFS chaired this latest joint CIOT/IFS event.

The five main Northern Ireland parties have all now published their manifestos. Recurring big themes in the manifestos are Brexit, welfare and corporation tax. There are 18 Parliamentary constituencies in Northern Ireland. The DUP has the most MPs in the House of Commons in the last session, followed by Sinn Fein (which does not attend) and SDLP.

With less than a week to go before the General Election, the CIOT/ATT External Relations team have reviewed the manifestos of the main parties contesting the election in England, Scotland, Wales and Northern Ireland to see where each stands on tax issues.

The SNP is proposing a UK-wide 50p top rate of income tax and an independent review of OTS recommendations that the government has so far failed to take up.

The Institute for Fiscal Studies held a series of presentations to analyse the Conservative and Labour Party manifestos today, with reference to the Lib Dems' offering.

UKIP launched its manifesto ‘Britain Together’ this week, with its leader Paul Nuttall calling the party ‘the guard dogs of Brexit’. 

The ‘gig economy’ is much in the news at the moment – and all the political parties seem to have plans for it in their manifestos. But what is it, what are the rights and responsibilities of those who work in it, and what kind of changes might we see?

 

In our response to the Government’s Fixing our broken housing market consultation, we compared the UK tax consequences of the traditional model for the sale of land for residential development in the UK with various routes to land pooling. Our conclusion is that there needs to be a level playing field in tax terms.

The Green party is the latest political party to launch a manifesto ahead of the General Election. Its plans suggest that the wealthiest and high earners will pay significantly more tax if the party gets hold of power.