Submissions

The Finance and Constitution Committee of the Scottish Parliament established the Budget Process Review Group for the purpose of carrying out a fundamental review of budgetary scrutiny. The key reason behind the review is to ensure that the budget process accommodates the Scottish Parliament’s new financial powers as well as the operation of the Fiscal Framework. As a result of both the Scotland Act 2012 and the Scotland Act 2016, the Scottish Parliament now has powers to both raise and allocate revenue, where previously the Scottish budget was mainly concerned with expenditure.

The Scottish Parliament’s Finance and Constitution Committee has been carrying out an inquiry into A Scottish Approach to Taxation. The CIOT, LITRG and ATT made a joint submission at the end of September 2016 in response to the initial call for evidence. 

The CIOT comments sent to HMRC on FB17 Clause 128 Schedule 29: Requirements to correct certain offshore tax non-compliance.

The CIOT comments sent to HMRC on FB17 Clause 124 Errors in taxpayers' documents.

The CIOT comments sent to HMRC 30 September 2015 on Companies owning the freehold interest in a block of flats.

The CIOT comments sent to HMRC on FB17 Clause 29 Schedule 9: Carried forward losses.

On 19 January 2017, the CIOT submitted the response to the first tranche of the Finance Bill (FB) 2017 draft consultative clauses, published on 5 December 2016, that implement these reforms. 

The draft Finance Bill 2017 legislation aims to limit the range of benefits-in-kind (BIKs) that receive income tax and National Insurance Contributions (NICs) advantages when they are provided as part of salary sacrifice and flexible benefit arrangements. Some amendments to the draft legislation have been included in the Finance Bill and the CIOT will be responding separately in this respect (and to HMRC’s draft guidance).

The CIOT comments sent to HMRC 9 March on Hybrid and other mismatches - draft guidance.

The CIOT, ATT and LITRG provided a combination of oral and written evidence to the House of Lords Economic Affairs Finance Bill Sub-Committee on the Government’s Making Tax Digital (MTD) proposals.