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The above webinar took place on 1 December 2016.  Here you will find a copy of the webinar slides available to download, together with a link to the recording of the webinar.  A summary of the questions and answers are also attached below. These are being regularly updated as we receive further questions from members.

The questions and answers from members following our PCRT webinar are now available.

The Government’s proposed remedy to the disproportionate tax bills that can arise from part surrenders or assignments of life policies is welcome but does not go far enough, according to tax experts. 

The Chartered Institute of Taxation and the Institute for Fiscal Studies jointly held a debate on tax and inequality at the Labour, Conservative and SNP conferences in the autumn of 2016.

Our webinar on Making Tax Digital took place on Thursday 22 September.

THIS SURVEY IS NOW CLOSED.  THANK YOU FOR RESPONDING. WE ARE CURRENTLY ANALYSING THE RESULTS.

(NB If you do not deal with tax compliance, you may wish to pass this onto a colleague who does)

HMRC have recently published 6 consultation documents setting out their proposals for Making Tax Digital, including how compulsory digital record keeping and quarterly reporting for businesses and landlords will work. These proposals are some of the biggest changes to the tax system in decades, which are going to affect how both taxpayers and their agents interact with HMRC. We are really keen to hear your views. Do you think HMRC’s proposals are workable? How could they be improved? What effect will the changes have on your practice?

The role of the tax system in relation to pensions and savings was explored by a panel of experts in a recent joint Chartered Institute of Taxation (CIOT)/IFS lecture held at RSA on 4 July 2016.

The risks to the UK Government’s tax take were explored in a recent joint Chartered Institute of Taxation (CIOT)/IFS lecture titled Mind the Gaps?

The next in our very successful series of webinars for CIOT & ATT members will look at Professional Conduct in Relation to Taxation (PCRT).

HMRC has indicated a change of view in its approach to the availability of TCGA 1992 section 162 relief where a ‘mixed partnership' (LLP) ie one including both individuals and a corporate member incorporates the partnership business into the existing corporate member. In correspondence with the CIOT in 2014, HMRC confirmed that, subject to all the other conditions being satisfied, they would accept that TCGA 1992 section 162 can apply to the individual members where an LLP transfers its business to the corporate member in exchange for shares in the corporate member.