Press releases

 


The Chartered Institute of Taxation has welcomed today’s limited spring statement as a significant step towards more considered and more effective tax policy-making.

The LITRG is calling for a change to planned regulations to prevent carers being disadvantaged in the tax system when supporting adults who self fund their care.

Commenting on the report, ‘Responsible tax: New rules for Brexit Britain?’, published today (Wednesday 21st February) by the thinktank CoVi, CIOT Tax Policy Director John Cullinane said:

The Chartered Institute of Taxation (CIOT) in Scotland has renewed its call for the introduction of an annual Scottish Finance Bill to improve public and parliamentary scrutiny of the devolved taxes.

The Chartered Institute of Taxation (CIOT) has welcomed the Government’s commitment to ‘value creation’ remaining as the basis to decide where and how much to tax multinational companies. But the CIOT cautions that the Government’s push for reforms to factor in the value created by the participation of users in certain digital multinational businesses – for example by posts on social media platforms – when determining which countries those businesses' profits should be taxed in, is likely to be difficult and controversial.

The LITRG is urging parents and carers to check their position before applying for the new Tax-Free Childcare (TFC) as they may find other benefits they currently receive are stopped or that other childcare schemes can offer more financial support than TFC.

The Chartered Institute of Taxation (CIOT) has announced its team of Officers for 2018-19.

The LITRG has highlighted the huge amount of work to be done in order to implement the recommendations and deliver the plan set out by the Government in its response to the Matthew Taylor review ‘Good Work’. This will require Government departments to work together and LITRG has called for a person or body to be appointed to co-ordinate and oversee the implementation of the plan.

A record number of tax professionals sat ADIT (Advanced Diploma in International Taxation) exams in 2017.

Responding to today’s publication of Good Work plan,1 the Government’s response to the Taylor Review, John Cullinane, CIOT Tax Policy Director, said: