Media and politics

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.

The year 2018 will see a storm brewing around the employment status of workers in the UK. This follows 2017’s appeal from Uber, directly to the Supreme Court, to try to overturn an earlier Employment Appeal Tribunal (EAT) which found that its drivers are, in fact, ‘workers’.

MPs on the Public Bill Committee debated the first 12 clauses of the Bill and heard arguments around use of delegated legislation and factors that should be considered in setting customs tariffs.

MPs agree clauses 13-22 of the Taxation (Cross-Border Trade) Bill, in debates which took place on Tuesday 30 January. Topics covered included remedies for dumping, appointment of customs agents and procedures for approving authorised economic operators.

Conservative John Stevenson, a solicitor, opened a debate on stamp duty by saying the key issue in housing policy is to get the mix between property ownership, the private rented sector and social housing right. He wants to see a national housing framework with a more flexible local policy.

MPs on the Public Bill Committee heard oral evidence and questioned Customs experts, business representatives and other witnesses as they began their deliberations on the Taxation (Cross Border Trade) Bill (also known as the Customs Bill). The CIOT's submission to the committee was discussed.

Report on Taxation (Cross-border Trade) Bill second reading debate in the House of Commons on Monday 8 January 2018.

A live blog of the fifth and sixth public bill committee sittings of Finance (No.2) Bill 2017-19, which took place on Tuesday 16 January at 9.25am and 2pm. Issues debated included double tax relief, offshore trusts, VAT and online marketplaces and landfill tax. Clauses 30-50 were passed along with a range of amendments.