The Chartered Institute of Taxation (CIOT) has welcomed the announcement in today’s Budget that HMRC’s practice of treating tax returns that are filed by taxpayers voluntarily on the same basis as returns that are filed under a legal obligation is to be put on a statutory footing. The measure is retrospective and will apply from 1996/97, the year self-assessment was introduced.1
Delaying the extension of new ‘off-payroll’ rules to the private sector until April 2020 should give time for HMRC to learn from the problems arising last year in the public sector, but determining a worker’s employment status remains a real challenge, say the Chartered Institute of Taxation (CIOT).
The Chartered Institute of Taxation (CIOT) welcomes the Chancellor’s commitment to the G20 and OECD discussions to achieve a long term global solution to taxing digital multinational companies. It hopes that the Chancellor’s announcement of a proposed interim UK digital services tax will help galvanise the international community to achieve this outcome.
The Low Incomes Tax Reform Group (LITRG) is urging taxpayers in self-assessment not to freak out if they miss the 2017/18 paper tax return deadline on Wednesday – which coincides with Halloween – because they can avoid late filing penalties by submitting their return online by 31 January 2019 if they are well organised.
Ahead of the UK Budget this month, the Chartered Institute of Taxation (CIOT) has urged caution from the Chancellor on his suggestion to go it alone with a temporary new sales tax on digital multinational companies.
A new report by Scotland’s leading tax and accountancy bodies is today (Friday 12 October) recommending that more is done to improve public understanding and awareness of Scotland’s devolved tax powers.
The Low Incomes Tax Reform Group (LITRG) is calling on the Government to use the forthcoming Budget and Finance Bill to act on an inconsistency in tax rules which means that more than a million people on low incomes could be losing out on tax relief on their pension contributions.