Press releases

 


The Chartered Institute of Taxation (CIOT) is disappointed by the news that reforms to HMRC’s penalty regimes are to be further delayed.

The Chancellor’s failure to address an anomaly in tax rules which means that more than a million people on low incomes are losing out on tax relief on their pension contributions is extremely disappointing, says the Low Incomes Tax Reform Group (LITRG).

Campaigners are concerned that anti-avoidance changes announced in today’s Budget could leave low-paid workers in the lurch.

In today’s Budget, the Chancellor announced a package of changes to Universal Credit (UC) following growing concerns that the system is leaving people in hardship and not working as well as it should. LITRG welcomes the changes, but are concerned they do not go far enough to deal with the many problems that currently exist in the UC system.

The Chartered Institute of Taxation (CIOT) has welcomed the announcement in today’s Budget that HMRC’s practice of treating tax returns that are filed by taxpayers voluntarily on the same basis as returns that are filed under a legal obligation is to be put on a statutory footing.  The measure is retrospective and will apply from 1996/97, the year self-assessment was introduced.1

Commenting on the increase in the personal allowance from £11,850 to £12,500 from 6 April 2019, Victoria Todd, Head of LITRG team, said:

Delaying the extension of new ‘off-payroll’ rules to the private sector until April 2020 should give time for HMRC to learn from the problems arising last year in the public sector, but determining a worker’s employment status remains a real challenge, say the Chartered Institute of Taxation (CIOT).

Commenting on today's UK Budget, Moira Kelly, chair of the Chartered Institute of Taxation's Scottish Technical Committee, said:

The Chartered Institute of Taxation (CIOT) welcomes the Chancellor’s commitment to the G20 and OECD discussions to achieve a long term global solution to taxing digital multinational companies. It hopes that the Chancellor’s announcement of a proposed interim UK digital services tax will help galvanise the international community to achieve this outcome.

The Low Incomes Tax Reform Group (LITRG) is urging taxpayers in self-assessment not to freak out if they miss the 2017/18 paper tax return deadline on Wednesday – which coincides with Halloween – because they can avoid late filing penalties by submitting their return online by 31 January 2019 if they are well organised.