Management of Taxes

 


HMRC have published a consultation seeking comments on whether aspects of the information powers enacted by Sch 36 Finance Act 2008 are still relevant and also on some specific areas being considered for improvements.

The CIOT comments on the HMRC discussion document Tax Abuse and Insolvency.

The Treasury Select Committee has held its first hearing as part of its inquiry into the conduct of tax enquiries and resolution of tax disputes. Witnesses included Victoria Todd of the CIOT's Low Incomes Tax Reform Group and (in a personal capacity) CIOT Council member Keith Gordon. This liveblog was updated through the hearing.

The CIOT response to Treasury Sub-Committee The Conduct of Tax Enquiries and the Resolution of Tax Disputes Inquiry.

The CIOT response to the Treasury Sub-Committee Tax Avoidance and Tax Evasion Inquiry.

The CIOT response sent to HMRC on the consultation document Extension of offshore time limits.

The CIOT comments sent to HMRC on Making Tax Digital: Interest harmonisation and sanctions for late payment.

The CIOT comments sent to HMRC on Draft legislation: The Value Added Tax (Amendment) Regulations 2018

CIOT hosted a speech and roundtable discussion with HMRC Chair Edward Troup and a small group of senior representatives from the tax profession on Monday last week. Mr Troup was speaking ahead of his retirement from HMRC at the end of this month. At the event he talked about how he saw HMRC and the tax profession developing in the future, including his belief that government was likely to be tempted to put further responsibilities on tax advisers in the future. Most eye-catchingly he thought one possible direction was segmentation of tax agents, categorising them with different levels of ‘risk rating’, with their clients being scrutinised accordingly.

Liveblog on the second day of committee stage debate on the Finance Bill (Tuesday December 19th), with debates on new clauses relating to the effect of the Bill on equality, and the effect of the Bill on tax avoidance and evasion.