Media and politics

A more flexible route to gaining key qualifications in tax may see firms benefit from more specialist tax trained employees in less time and at less cost.

The ears of the Chartered Institute of Taxation were pricked by the debate this week about VAT on energy bills and the EU.

Moves for greater transparency and openness in taxation to restore the public’s trust in the system are not an end in themselves. What really matters is the kind of information we collect and its practical value, and whether or not it is acted upon when it does become available. 

Ahead of tomorrow’s Anti-Corruption Summit in London the CIOT has joined other professional bodies in tax, law and accountancy in signing a declaration setting out our determination to continue to fight corruption, money-laundering, tax evasion and other related crimes with all the tools at our disposal.

The Chartered Institute of Taxation (CIOT), Institute for Government (IfG) and Institute for Fiscal Studies (IFS) are launching a project to look at how we can improve the process around budgets and tax policy-making.

As one of the main authors of the Model Taxpayer Charter (MTC), I can say with confidence that it is intended to foster a relationship of mutual trust, respect and responsibility between taxpayers, tax advisers, tax administrations and the State. It is much needed, not only because of the scandals and shocks to the tax world this year, but because it is so important that taxpayers recognise that their compliance with an acceptable and fair tax administration is fundamental to a stable economic system.  

The Treasury Committee’s annual report on the Autumn Statement (this time also incorporating the Spending Review) included, as has become usual, assessments by the Chartered Institute of Taxation (CIOT), ICAEW and ACCA of the tax measures in Autumn Statement measured against the principles that tax policy should be fair; support growth and encourage competition; provide certainty; provide stability; be practicable; and provide for a coherent tax system

It was against the backdrop of accountants being derided in the media about their role in what some see as the unfairly lenient taxation of large companies that a panel of experts in social value took the brave decision this month to ask ‘Can accountants change the world?’  An audience at the Social Value Summit in London heard from two panellist who have tried to change accounting practices to be, in their eyes, more ethical, and another speaker gave the audience her view on the premise of the debate – even touching on quarterly reporting.

With public debate about corporation tax seemingly at an unprecendented scale, CIOT Tax Policy Director John Cullinane writes for the City AM newspaper to argue against radical changes to the corporation tax system because of the furore about HMRC's deal with Google.

CIOT Tax Policy Director John Cullinane was part of a panel of three quizzed by the House of Commons Treasury Committee today as it begins its consideration of whether radical changes are needed to corporate taxation.