Press releases

 


Businesses that wish to defer VAT return payments must ensure that they cancel their direct debit in good time for VAT returns that are due on Thursday 7 May, warns the Chartered Institute of Taxation (CIOT).

Some house buyers could miss out on being able to claim a refund for a property tax charge if they have been unable to sell their old home because of the COVID-19 pandemic, the Chartered Institute of Taxation (CIOT) has said.

The Digital Services Tax (DST) has come into effect this month with questions remaining about who will pay it and how much they will pay, says the Chartered Institute of Taxation (CIOT).

The Low Incomes Tax Reform Group (LITRG) has welcomed HMRC’s announcement that the tax authority are setting up an online 'whistle-blower' service for workers to use to report employers who abuse the system.

Self-employed people yet to submit their 2018/19 self assessment tax return have until 23 April 2020 or risk missing-out on potential financial support from the Government during the COVID-19 outbreak, says the Low Incomes Tax Reform Group (LITRG).

The Chartered Institute of Taxation (CIOT) is urging employers to consider supporting employees working from home because of the Coronavirus outbreak with a tax-free payment equivalent to over £300 per year to help with the costs of higher household bills.

The Low Incomes Tax Reform Group (LITRG) of the Chartered Institute of Taxation has published a new section of its website bringing together all of the Group’s tax and related benefit guidance relating to the coronavirus (COVID-19). 

The Chartered Institute of Taxation (CIOT) welcomes the announcement that, in the light of the impact of COVID-19, the digital links requirement of Making Tax Digital for VAT will be deferred by 12 months to 1 April 2021.

The Low Incomes Tax Reform Group is highlighting that there is a lot of well-meaning but incorrect information about Statutory Sick Pay on the internet and it is important that people use trusted sources to confirm their position.

The Chartered Institute of Taxation (CIOT) welcomes the easing of a tax rule which should lead to the production of more hand sanitizers to deal with the outbreak of COVID-19.