Press releases

 


Ahead of his first major speech as Chancellor at the Conservative Party Conference, Phillip Hammond is being urged to overhaul the way tax policy is made in the UK.

A survey of members of two of the leading professional bodies representing Scotland’s tax professionals has found that while there is overwhelming support for the principles underpinning the Scottish Government’s approach to current and future devolved taxes, less than a quarter of those responding think that these principles will be achievable.

Proposals to reform Council Tax will only “slightly” improve the fairness of what will remain a “regressive” tax, the leading professional body representing the country’s tax professionals has said.

HMRC should ensure that Concentrix do not suspend or stop any more tax credit payments until the problems which are preventing tax credit claimants from raising queries by phone or post have been resolved, campaigners for those on low incomes have said.

The Chartered Institute of Taxation (CIOT) is boosting its presence in Scotland with the creation of a new full-time, permanent external affairs role1, in response to the devolution of additional tax powers to the Scottish Parliament and the growing profile of tax issues north of the border.

Commenting on today’s government consultation paper on ‘Strengthening Tax Avoidance Sanctions and Deterrents’, John Cullinane, Tax Policy Director of the Chartered Institute of Taxation, said:

The LITRG has welcomed the announcement in the Making Tax Digital consultation documents of an exemption for many small businesses from digital record-keeping and quarterly digital reporting to HMRC, and a year’s deferral of those obligations for others.

The Chartered Institute of Taxation (CIOT) has welcomed HMRC’s decision to exempt many small businesses from new tax reporting obligations, laid out in a series of consultations by the Government today.

The Chartered Institute of Taxation (CIOT) and its Low Incomes Tax Reform Group (LITRG) have welcomed the Government’s commitment to change the law to avoid people being unfairly taxed on their life insurance policies.

Exam results published today reveal a record number of students completing the Chartered Institute of Taxation’s ADIT (Advanced Diploma in International Taxation) exams.