Press releases

 


The UK government should put its planned Digital Services Tax on hold for at least a year, following signs of progress in reaching international agreement on taxation of digital giants and other multinational corporations, says the Chartered Institute of Taxation (CIOT).

The Low Incomes Tax Reform Group (LITRG) is concerned that the upcoming tightening of the rules on private residence relief will affect those who move out of their home because they are unable to live independently. The group is calling for such individuals to be protected from the changes by broadening the scope of an exception which currently only applies where the person is disabled or resident in a care home.

People who pass ADIT (the Advanced Diploma in International Taxation) will enjoy new benefits if they join the Chartered Institute of Taxation (CIOT) as International Tax Affiliates.

The Chartered Institute of Taxation (CIOT) has welcomed today’s announcement¹ that construction firms will get an extra year to prepare for a major change in accounting for VAT.

The Low Incomes Tax Reform Group (LITRG) is advising taxpayers to check the accuracy of savings income figures shown in their HMRC PAYE Notices of Coding and tax calculations (P800 forms).

The Chartered Institute of Taxation (CIOT) is delighted to announce that the number of international tax professionals who have achieved ADIT (Advanced Diploma in International Taxation) certification has grown to more than 1,000, after the latest exams took place in June 2019.

Many small and medium size construction firms have not had adequate opportunity to prepare for a major change in accounting for VAT, says a concerned Chartered Institute of Taxation (CIOT). This has led the CIOT to call on HMRC to delay the change by six months.

The Low Incomes Tax Reform Group (LITRG) is urging people to contact HMRC if they have missed the tax credits renewals deadline (31 July). The sooner people contact HMRC then the sooner they can get their tax credit payments re-started – or if they are lucky, they might catch HMRC in time to renew before their payments are stopped.

Commenting on today’s publishing of a Treasury Sub-Committee report called Disputing Tax, John Cullinane, CIOT Tax Policy Director, said:

The Chartered Institute of Taxation has welcomed the announcement1 of a series of measures designed to strengthen public trust in HMRC’s exercise of their statutory powers.