Media and politics

The second Finance Bill of 2017 was debated by MPs today ahead of the Bill's second reading vote. We live blogged on the debate here.

There have been so many changes in the taxation of pensions in recent years that tax advisers are in danger of not seeing the wood for the trees.

MPs today debated the resolutions accompanying the autumn 2017 Finance Bill. A live blog was posted here as the debate proceeded.

The Scottish Government has raised the prospect of a rethink of the way the country’s devolved income tax powers are used.

HMRC have released statistics for the first time showing the breakdown of the tax paid by those not domiciled in the UK (‘non-doms’). The statistics purport to show that in 2014/15 there were 121,300 non-doms; 85,400 of whom were UK resident; 54,600 of whom used the remittance basis and only 5,100 of whom paid the remittance charge of £30,000 - £40,000. 

Talk in the media and among the public about the huge wage demands made by some footballers will reach a crescendo at the end of the transfer window this month. This makes it timely to reflect on image rights.

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.