Blog | Chartered Institute of Taxation

The Loan Charge - an explainer

By George Crozier on 16 September 2019

Part of an occasional series in which CIOT tax experts explain the background to topical issues

Tax adviser MP calls for child benefit charge penalty suspension to be extended

By Chris Young on 6 September 2019

South Thanet MP Craig Mackinlay led a Westminster Hall debate on Tuesday 3 September, calling for an extension of the penalty suspension to those people impacted by the withdrawal of child benefit for higher earners.

What is next in the international tax transparency and disclosure revolution?

By Contributor on 2 September 2019

Over the last decade, we have witnessed a revolution in cross-border tax information exchange and reporting—with significant repercussions for global tax compliance, tax planning and tax enforcement.

MPs set out recommendations on handling tax disputes

By Hamant Verma on 14 August 2019

A House of Commons Committee has said that HMRC must do more to support vulnerable taxpayers involved in tax disputes, after taking oral and written evidence from CIOT and LITRG and others.

Why transferring SDLT from the buyer to the seller is not straightforward

By Contributor on 29 July 2019

It has been widely reported that, shortly before being elected Prime Minister, Boris Johnson gave support to suggestions by the Association of Accounting Technicians (AAT) that the liability to pay Stamp Duty Land Tax (SDLT) should be switched from the buyer to the seller. This idea leads to some interesting issues.

The Bo-Jav era begins – but Norman stays as tax minister

By Hamant Verma on 26 July 2019

Boris Johnson’s victory in the Conservative leadership election could lead to a flurry of tax changes when MPs return to the Commons in the autumn. The former Mayor of London – sometimes referred to in the media as ‘Bo Jo’ – won the contest with a promise to both cut taxes and increase spending on schools and the police. However, his most significant pledge is that Britain will leave the EU on 31 October 2019, in a ‘no deal’ scenario if necessary.

LITRG concerns mentioned in universal credit report

By Hamant Verma on 26 July 2019

‘Natural migration’ is trapping benefit claimants in the DWP ‘lobster pot’, struggling with a sudden drop in income and with no way back, says the Work and Pensions Committee as it published its latest report on universal credit this week (23).

Doctors’ pension rescue plan given short shrift by MPs

By Hamant Verma on 19 July 2019

Chief Secretary to the Treasury Liz Truss was asked by Conservative MP Andrew Selous to make a statement on the implications for patients of the taxation of NHS pensions.

MPs reflect on twenty years of devolution

By Chris Young on 19 July 2019

MPs debated the first two decades of devolution in a Commons debate led by the Scottish and Welsh Affairs committees last week.

Lords question Financial Secretary over Loan Charge

By George Crozier on 16 July 2019

In response to questioning from the House of Lords Economic Affairs Committee the Financial Secretary revealed that he would shortly be announcing 'clarifications' to the loan charge, including a commitment that HMRC will not apply the loan charge to a tax year which was closed on the basis of fully disclosed information.

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