Press releases

 


New CIOT President Bill Dodwell will use his inaugural presidential speech today to invite CIOT members and other tax professionals to contribute to a new initiative to improve tax policy development in the UK.

The Chartered Institute of Taxation (CIOT) welcomes a Government announcement that it intends to amend the Finance Bill so that many small business owners will benefit from greater flexibility in managing the cost of the Apprenticeship Levy.

The LITRG is urging anyone who has not yet filed their online self-assessment tax return with HMRC for the year ended 5 April 2015, to do so by the end of this month or risk being charged more money.

The Chartered Institute of Taxation (CIOT) has welcomed the highest ever number of students who have applied to sit exams for its ADIT (Advanced Diploma in International Taxation) qualification.

The Chartered Institute of Taxation (CIOT) has said that allowing the public to see the country by country reporting records of companies operating in the EU is not enough to counter growing global scepticism about the fairness of the tax system.

The Chartered Institute of Taxation (CIOT) has responded to today’s government announcements related to the ‘Panama Papers’.

Tax credit claimants earning over £20,000 may see sharp cuts in payments as HMRC recover overpayments at a higher rate, says a concerned Low Incomes Tax Reform Group. 

The LITRG has welcomed the Budget commitment to explore simplifying the tax rules for businesses, self-employed people and landlords. But it warns the Government against treating those who can engage with HMRC digitally more favourably than those who cannot, unless justifiable on other grounds.   

As announced at Autumn Statement 20151, the government has been considering possible legislation to amend the changes made by Finance Act 2015 to Entrepreneurs’ Relief, in order to support businesses by ensuring that the relief remains available on certain genuine commercial transactions.

Tax advisers have cautiously welcomed changes to taxation of business energy which should reduce complexity in this area.