Blog archive - 2018

It was a case of ‘blink and you’ve missed it’, as the House of Lords considered and passed the Finance Bill after a cursory debate lasting just 39 minutes on Thursday morning. For historic reasons the Lords are not allowed to amend finance bills so the only stage of the bill to see any discussion in the upper house was second reading debate.

Below is an extended version of a comment article written by the Chair of CIOT's Technical Committee which appeared in City AM on March 9 2018.

Whether business tax reliefs are corporate welfare or essential elements of the tax system was the topic of the latest CIOT/IFS debate.

Ahead of  tonight’s (5/3/18) CIOT/IFS debate: Business tax reliefs - corporate welfare or essential elements of the tax system? one of the panellists, Helen Miller, Associate Director at IFS, sets out some of the issues.

The newly formed Welsh Revenue Authority - the body responsible for the collection and management of Welsh devolved taxes - is engaging with Welsh taxpayers and stakeholders on the development of tax guidance and digital systems. April 2018 will see the introduction of  two new Welsh devolved taxes: Land Transaction Tax (the Welsh equivalent of SDLT) and Landfill Disposals Tax (replacing Landfill Tax). The time is therefore ripe to think about what constitutes best practice in publishing guidance for taxpayers. What are the attributes of good guidance ?

The Scottish Parliament has confirmed the rates and thresholds for income tax that will apply to the non-savings and non-dividend income of Scottish taxpayers from 6 April 2018.

In this blog Joanne Walker, CIOT and LITRG technical officer, takes a look at some of the effects.

This is a 'live' blog of proceedings in the House of Commons as the Finance Bill 2017-19 has its Report stage this afternoon (21 Feb 2018). The full Hansard transcript can be seen here from Thursday.


Ahead of his lecture at CIOT’s Spring Residential Conference, David Marcussen says entrepreneurs do not just need advice on how to mitigate their tax liabilities, they need a tax partner whose advice relates to their client’s vision for their respective ventures.


More than 300 members of the CIOT and the Institute of Chartered Accountants of Scotland (ICAS) braved a cold Edinburgh evening – and predictions of ‘thundersnow’ – to attend the ‘Big Tax Debate’ in January.

MPs agreed clauses 23-56 of the Taxation (Cross-Border Trade) Bill, in debates which took place on Thursday 1 February. Topics covered included procedure for agreeing changes to Customs and VAT rules, the impact of the move from acquisition VAT to import VAT, and factors to be taken account of when considering excise duty rates. No changes were made to the Bill.