2011 Public Submissions
Public submissions made by the CIOT can be accessed below:
We are frequently asked to comment on matters of tax law or practice. The improvement and simplification of tax law are major Institute objectives.
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- Incentives for charitable legacies - CIOT comments The CIOT comments, sent to HMRC on 31 August 2011, on the introducion of an IHT relief when 10% of an estate is left to charity. 31 August 2011
- Changes to the capital allowances anti-avoidance rules for plant and machinery - CIOT comments The CIOT comments, sent to HMRC on 31 August 2011, regarding the proposed amendments to the generic anti-avoidance legislation in the part of the capital allowances code that applies to plant and machinery, with the aim of making the rules more effective in preventing tax avoidance. 31 August 2011
- Capital allowances: feed-in tariffs & renewable heat incentive - CIOT comments The CIOT comments, sent to HMRC on 31 August 2011, on proposed legislation which is intended to clarify the appropriate capital allowances treatment of expenditure on plant or machinery that could qualify for payments under either the Feed-in Tariff (FITs) regime or the Renewable Heat Incentive (RHI). 31 August 2011
- Patent Box - CIOT comments The CIOT comments, sent to HM Treasury on 23 August 2011, on the Patent Box consultation that aims to help re-establish the UK as a top location of choice for innovative industries. 23 August 2011
- Capital Allowances for fixtures - CIOT comments The CIOT comments, sent to HMRC on 23 August 2011, on a consultation that contains some quite fundamental proposed changes to the tax treatment of fixtures for capital allowance purposes. 23 August 2011
- High Risk Tax Avoidance Schemes - CIOT comments The CIOT comments, sent to HMRC on 19 August 2011, on HMRC's consultation dealing with proposals to list in regulations (subject to affirmative resolution) high risk tax avoidance schemes. 19 August 2011
- Incapacitated person: a modern definition - LITRG and CIOT comments The LITRG and CIOT comments, sent to HMRC on 12 August 2011, regarding the modern definition of 'incapacitated persons'. 12 August 2011
- CAP 1 Advice - CIOT comments The CIOT comments, sent to HMRC on 4 August 2011, on the informal consultation document 'CAP 1: How non-business customers or customers with a query about non-business activities get advice on HMRC's interpretation of recent tax legislation' which will replace 'Code of Practice 10 (COP 10)' and 'Notice 700/6: VAT Rulings for non business customers'. 4 August 2011
- Legislation of a concession in VAT Grouping - ESC 3.2.2 - CIOT comments The CIOT comments, sent to HMRC on 26 July 2011, regarding an informal consultation concerning proposals to replace an existing ESC with appropriate legislation. 28 July 2011
- Clarification of the meaning of 'beneficial owner' in the OECD Model Tax Convention - CIOT comments The CIOT comments, sent to the Organisation of Economic Co-operation and Development (OECD) on 15 July 2011, regarding the clarification of the meaning of 'beneficial owner' in the OECD Model Tax Convention. 15 July 2011
- Rebalancing the Northern Ireland Economy: devolving corporation tax - CIOT/ATT comments The CIOT and ATT comments, sent to HM Treasury on 1 July 2011, regarding the possibility of devolving corporation tax to Northern Ireland. 1 July 2011
- Reform of Air Passenger Duty An Environmental Taxes Working Group submission, sent to HMRC on 17 June 2011, on the reform of Air Passenger Duty 17 June 2011
- Green Paper on the future of VAT The CIOT comments, sent to the European Commission on 27 May 2011, regarding the Commission's 'Green Paper on the future of VAT - Towards a simpler, more robust and efficient VAT system'. 27 May 2011
- Collecting Debts through PAYE: HMRC discussion paper The CIOT comments, sent on 13 May 2011, regarding the HMRC discussion paper which proposes to increase the ‘small debts’ coding out threshold from £2,000 to £3,000 from next April. The CIOT's submissions and HMRC's responses can be found here. 13 May 2011
- House of Lords Economic Affairs Committee (EAC): Finance Bill Sub-Committee 2011 (FBSC) - CIOT comments The CIOT comments, sent to the EAC on 20 April 2011, and the supplement, sent on 12 May 2011, regarding topics identified by the FBSC. These are set out below. 12 May 2011
- Notice 733 - Bank interest wrongfully included in FRS turnover The CIOT comments, sent to HMRC on 3 May 2011, regarding Notice 733 - bank interest wrongfully included in FRS turnover. 6 May 2011
- Treasury Committee: Tax Policy and Budget 2011 The CIOT comments, sent to the Treasury on 21 April 2011, on how the Budget/Finance Bill meets the Committee's Principles of Tax Policy, following on from our submission to the Commons Treasury Committee on the Budget. 4 May 2011
- Parliamentary Environmental Audit Committee Inquiry into Green Taxes The CIOT comments, sent to the Parliamentary Environmental Audit Committee Inquiry on 20 April 2011, regarding Budget 2011 and green taxes. 21 April 2011
- ESC A81: CIOT comments on section 418A ITEPA 2003 The CIOT comments, sent to HMRC on 14 April 2011, regarding the third technical consultation on draft legislation of the Extra-Statutory Concessions consultation document - summary of responses - ESC A81: Termination of payments and legal costs. 14 April 2011
- Agent Registration and Authorisation Working Together Steering Group (ARA WTSG): CIOT issues A proactive letter, sent to HMRC on 29 March 2011, setting out a number of agent registration and authorisation issues. 30 March 2011
