1. Home
  2. Media centre
  3. Press releases

Press releases

 

Press release: Guard against complacency on Making Tax Digital VAT payments

It is just a little over a week until most VAT registered businesses will be required to start complying with the requirements of Making Tax Digital and the ATT and CIOT caution businesses that HMRC’s promised ‘light touch’ on penalties does not extend to the late payment of tax.

Read more »

Press release: “Time is right” for Scottish tax policy review

The Chartered Institute of Taxation has welcomed the publication of a Scottish Government consultation aimed at improving devolved tax policy making.

Read more »

Press release: Tax advisers welcome ‘non-event’ Spring Statement

The Chartered Institute of Taxation (CIOT) has welcomed the absence of new tax measures in today’s Spring Statement, in line with the government’s commitment to holding just one fiscal event a year. 

Read more »

Press release: Making Tax Digital to go ahead in just weeks but breathing space for some welcomed

Responding to this afternoon’s Written Ministerial Statement on Making Tax Digital (MTD),1 Adrian Rudd, Chair of the joint CIOT/ATT Digitalisation and Agent Strategy Working Group, said:

Read more »

LITRG Press release: Loan repayments may come as an unwelcome shock

The Low Incomes Tax Reform Group (LITRG) is warning employers and affected employees that postgraduate loan repayments will start from next month (April). It is important that both parties understand whether there will be further deductions from payslips and, if so, that they are correct.

Read more »

Press release: Digital services tax must be a temporary fix only, says CIOT

The Chartered Institute of Taxation (CIOT) advises that the Government’s planned Digital Services Tax (DST) on digital companies should be a temporary measure and ideally last no longer than five years. The Institute wants the DST repealed as soon as there is a multilateral agreement through the OECD on a global method to tax such companies on the value created by users.

Read more »

LITRG Press Release: Concern at short window to claim exemption from Making Tax Digital

The Low Incomes Tax Reform Group (LITRG) is warning VAT registered individuals and businesses they have little time to apply for an exemption from the new digital VAT requirements which begins for some on 1 April 2019. The call comes as HMRC have just issued guidance explaining how people can claim exemption from these new Making Tax Digital for VAT (MTD) requirements.

Read more »

LITRG Press Release: Holiday pay campaign is welcome but concerns remain about enforcement

The Low Incomes Tax Reform Group (LITRG) welcomes the launch of DBEIS’ campaign to raise awareness of holiday pay, and reduce the number of underpaid workers. But LITRG cautions that, to really make a difference, action is needed to close the enforcement ‘gap’ in respect of holiday pay and to deal with the problem of false self-employment.

Read more »

Press release: Brexit VAT expenses reclaim deadline looms

The potential for a ‘no deal’ Brexit is leading the Chartered Institute of Taxation (CIOT) to urge UK businesses to claim the local VAT incurred in the EU by their staff ahead of Brexit Day. Without a Brexit deal, UK businesses will have to deal with countries individually and use paper forms for each country. That will take longer both to administer and recover the VAT on the expenses.

Read more »

Press release: Tax digitalisation – progress welcome, but more clarity and guidance needed

Responding to this afternoon’s government statement on Making Tax Digital (MTD), Adrian Rudd, Chair of the joint CIOT/ATT Digitalisation and Agent Strategy Working Group, said:

Read more »