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A panel of experts debated the role of the tax system when it comes to pensions and savings, in the latest CIOT/IFS collaboration at the RSA in London. The debate was chaired by the charismatic Paul Lewis, presenter of Radio 4’s Money Box.

Chancellor George Osborne’s plan to cut corporation tax to less than 15 per cent in the future is the first significant move on taxation that is related to the Brexit vote. It further differentiates the UK from the average rate of 25 per cent in the world's most developed countries.

Yesterday’s vote in favour of leaving the European Union has significant implications for tax professionals.

The committee heard from Michael Devereux, Director of the Oxford University Centre for Business Taxation, Paul Morton, Head of Group Tax, RELX Group and Steve Edge, Tax Partner, Slaughter and May. 

Margaret Hodge MP, who chairs the APPG, was joined by the SNP’s spokesperson on pensions Ian Blackford MP, Labour Lord McFall of Alcluith and Conservative MP Charlotte Leslie.

A more flexible route to gaining key qualifications in tax may see firms benefit from more specialist tax trained employees in less time and at less cost.

The ears of the Chartered Institute of Taxation were pricked by the debate this week about VAT on energy bills and the EU.

Moves for greater transparency and openness in taxation to restore the public’s trust in the system are not an end in themselves. What really matters is the kind of information we collect and its practical value, and whether or not it is acted upon when it does become available. 

Ahead of tomorrow’s Anti-Corruption Summit in London the CIOT has joined other professional bodies in tax, law and accountancy in signing a declaration setting out our determination to continue to fight corruption, money-laundering, tax evasion and other related crimes with all the tools at our disposal.

The Chartered Institute of Taxation (CIOT), Institute for Government (IfG) and Institute for Fiscal Studies (IFS) are launching a project to look at how we can improve the process around budgets and tax policy-making.