Press releases

 


The Chartered Institute of Taxation (CIOT) has welcomed a government promise to hold more early stage policy consultations and to reintroduce the online tax consultation tracker.

We are very sad to announce that our former president Chris Jones passed away suddenly over the weekend of the 25 November. Current president John Preston has paid tribute to Chris.

The Chartered Institute of Taxation (CIOT) has given a cautious welcome to a government statement in the Budget small print that could prove welcome relief for importers after Brexit.

The Chartered Institute of Taxation (CIOT) has expressed disappointment at today’s announcement that Disincorporation Relief will not be extended beyond its current March 2018 expiry date.1

The Chancellor’s announcement of a crackdown on online VAT fraud highlights the challenges of raising revenue in a globalised economy.

The Chartered Institute of Taxation has welcomed moves to simplify the taxation of employee business expenses. The CIOT argues that the system for exempting from tax employees’ employment expenses and certain employer-provided ‘benefits’ needs to be simplified if it is to keep pace with changes in the labour market and the move away from ‘traditional’ employment.

Tax advisers have welcomed the Treasury’s ‘Position Paper’ consulting on ways of modernising the international tax system to tax the ‘digital economy’ more effectively.

The Chartered Institute of Taxation (CIOT) has highlighted HM Revenue and Customs (HMRC) research that may cast doubt on the effectiveness of plans to abolish stamp duty for first-time house buyers.

Commenting on today’s UK budget (22 November), Moira Kelly, chair of the Chartered Institute of Taxation’s Scottish Technical Committee, said:

In today’s Budget the Chancellor confirmed a £1.5 billion package of changes to universal credit in order to address some of the recent concerns raised about the impact of roll-out on claimants. Although the changes are welcome, we are disappointed that no changes were announced to the rules for self-employed claimants in universal credit.