Media and politics

So, in two years time the bell will toll, the ‘Great Repeal Bill’ will take effect and the UK will leave the European Union. What will this mean for our tax system?

How different ways of working should be taxed was the topic in the latest CIOT/IFS debate, held at the RSA on Monday (20 March 2017)

Work and Pensions Committee continues to call witnesses to discuss  self-employment and the gig economy. The Committee took evidence from, among other people, Victoria Todd of the Low Incomes Tax Reform Group (LITRG).

This House of Commons Committee has produced a report which acknowledges that the tourism industry in Northern Ireland has struggled to compete with the tourism industry in the Republic of Ireland.

The Treasury Committee met with the Institute for Fiscal Studies to help with its inquiry into the Spring Budget 2017.

Following criticism, including by some Conservative MPs, of his decision to raise Class 4 National Insurance (paid by the self-employed), Chancellor Philip Hammond announced in a parliamentary statement that he would be dropping the proposal. The u-turn was welcomed by MPs across the political spectrum.

The four day Budget debate continued in the early part of this week, ahead of the Chancellor’s announcement of a u-turn on national insurance. A summary of days three and four are below. A summary of the debates on day one and two can be found here.

The CIOT has produced a summary of last week's debates on the March 2017 Budget, in the House of Commons. The Budget will continue to be debated this week.

Even before Philip Hammond got to his feet at 12.30pm last Wednesday, it had long been predicted that his first budget as Chancellor of the Exchequer would be markedly different in both tone and content from those of his predecessor, George Osborne.  So it proved.

Edinburgh’s iconic Signet Library provided the venue once again for the CIOT/ATT Joint Presidents’ Luncheon.

More than 160 guests, comprising senior figures from Scotland’s legal and tax professions, joined the Presidents of CIOT and ATT for the luncheon, alongside representatives from Scottish politics, government and the media.