Press releases

 


The LITRG is urging people to claim back tax deducted from savings income in past years now that they have received their P60s.

A huge backlog of potentially incorrect tax records is a warning about the risks of premature and over-ambitious staff cuts at HMRC, the Chartered Institute of Taxation (CIOT) has warned.

The Low Incomes Tax Reform Group (LITRG) has welcomed a report by the National Audit Office (NAO) that shows how cutting resources has led to a deterioration in the service HMRC has been able to offer to individual taxpayers.

The LITRG said the merger of three money advice services is a great opportunity for the new unified service to better help those on low incomes.

The Chartered Institute of Taxation (CIOT) has warned that legislation in today’s Queen’s Speech must have effective guidance so that companies know when they are taking adequate measures to guard against rogue members of staff facilitating tax evasion or money laundering.

The LITRG has produced a printable guide and website material to assist serving personnel, veterans, their families and advisers to check that they are paying the correct amount of tax.

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.