Blog archive - 2017

This blog item has been updated. Please see the new blog date 30 October which can be found here.

The recent announcements around Making Tax Digital (MTD) place VAT firmly at the vanguard of the programme. The CIOT takes a closer look at the challenges faced by businesses, advisers and HMRC.

A copy of this article first appeared on the website on Friday 21 July 2017.

By Moira Kelly, Chair - CIOT Scottish Technical Committee

In a special comment article, Paul Morton, Tax Director of the Office of Tax Simplification, tells the CIOT what to expect from the OTS in the next 12 months.

It has now been confirmed that, as expected, legislation providing for new corporate criminal offences of failure to prevent the facilitation of tax evasion will have effect from 30 September this year. 

The Financial Guidance and Claims Bill had its Committee of Whole House stage in the Lords this week (19 July 2017). This bill will combine three financial advice bodies into one. The aims of the bill are clear but many aspects of it remain unclear to Peers. Most speakers welcomed the changes.

The last Treasury questions before the summer recess saw Labour MPs attacking corporation tax cuts and Conservatives defending them. Avoidance, Brexit, fiscal risks and the case for merging income tax and national insurance were also on the agenda.

By John Cullinane, Tax Policy Director – Chartered Institute of Taxation

A copy of this article first appeared in the 'Thunderer' column of the Scottish edition of The Times newspaper (and online) on Friday 14 July 2017. 

The Government has announced that the Summer Finance Bill will not be published until after the summer recess (which means September 5th at the earliest). However it has provided some information about the content of the Bill and when measures will take effect.

All the chairmanships of House of Commons select committees for the new Parliament have been made, following a secret ballot.

The Taylor Review was published this week, which considered the implications of new forms of work on worker rights and responsibilities, as well as on employer freedoms and obligations.