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LITRG press release: LITRG publishes coronavirus guidance on tax and related benefits

The Low Incomes Tax Reform Group (LITRG) of the Chartered Institute of Taxation has published a new section of its website bringing together all of the Group’s tax and related benefit guidance relating to the coronavirus (COVID-19). 

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Press release: Tax Institute welcomes delay of Making Tax Digital ‘phase two’

The Chartered Institute of Taxation (CIOT) welcomes the announcement that, in the light of the impact of COVID-19, the digital links requirement of Making Tax Digital for VAT will be deferred by 12 months to 1 April 2021.

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LITRG Press release: Tax experts try to clear up Statutory Sick Pay misinformation

The Low Incomes Tax Reform Group is highlighting that there is a lot of well-meaning but incorrect information about Statutory Sick Pay on the internet and it is important that people use trusted sources to confirm their position.

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Press release: CIOT welcomes change which will make it easier to produce more hand sanitizer

The Chartered Institute of Taxation (CIOT) welcomes the easing of a tax rule which should lead to the production of more hand sanitizers to deal with the outbreak of COVID-19.

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LITRG Press release: Think of tax and benefits before accessing pensions and other savings, experts warn

As a result of the coronavirus situation, people will be looking at their finances. The Low Incomes Tax Reform Group (LITRG) warns that there may be tax and welfare benefit consequences to drawing on savings, which mean that people may not receive as much as they expect. LITRG is advising people to consider things carefully before they act. 

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Press release: Chartered Institute of Taxation responds to launch of tax advice market call for evidence

Commenting on the launch of a call for evidence today on standards in the tax advice market, CIOT President Glyn Fullelove said:

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Press release: Tax Institute welcomes delay of off-payroll working rules, but asks the government to go further

The Chartered Institute of Taxation (CIOT) welcomes last night’s announcement that the controversial ‘off-payroll’ rules will be deferred until April 2021, but on the eve of publication of the Finance Bill urges the government to defer other April 2020 changes, too.

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Entrepreneurs’ Relief should have had open consultation, say tax body

The Government should have held an open, public consultation on Entrepreneurs’ Relief before deciding the relief’s fate, says the Chartered Institute of Taxation (CIOT).

Today’s Budget announcement1 that the lifetime limit for Entrepreneurs’ Relief will be reduced from £10m to £1m with immediate effect was against a background of speculation about the fate of this relief, a relief that has been subject to widespread criticism on many fronts - for costing too much, not encouraging start-ups and being claimed by relatively few people.

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Chartered Institute of Taxation welcomes review of Business Rates but calls for continued focus on clarity and certainty for taxpayers

The Chartered Institute of Taxation (CIOT) has welcomed the fundamental review of business rates and the extension of reliefs to support business in the face of COVID-19 but called for continued focus on the need for clarity and certainty for those businesses who will be continuing to pay rates through the crisis.

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Press release: Budget 2020: Sick pay refunds and other changes help employers and employees but the government must refund businesses quickly

The government has today announced support for small and medium-sized businesses and employers to cope with the extra costs of paying COVID-19 related Statutory Sick Pay (SSP) by refunding eligible SSP costs. The government has also recognised that its existing systems are not designed to facilitate such employer refunds for SSP and intends to set up a repayment mechanism for employers over the coming months.

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