Press releases

 


The Chartered Institute of Taxation (CIOT), the Irish Tax Institute (ITI) and The Tax Institute  of Australia (TTI) have published guidance for tax institutes seeking a licence from the CIOT to grant the designations ‘Chartered Tax Adviser’ and ‘CTA’ subject to conditions1.

The Low Incomes Tax Reform Group (LITRG) is troubled by HMRC’s decision not to include a helpline number on letters sent to Scottish taxpayers, which risks leaving people unable to get answers to their questions.

The Chartered Institute of Taxation (CIOT) is concerned that many sports persons will miss out on exemptions that are supposed to guarantee they will receive money from testimonials without tax.

Tax advisers have welcomed the Government’s decision, announced today, to restrict the use of a new ‘strict liability’ offshore tax evasion criminal offence to situations where the amount of tax underpaid is £25,000 or more.

In implementing the digital tax account and other aspects of their ‘Making Tax Digital’ programme, the Low Incomes Tax Reform Group (LITRG) has called on HMRC to respect the rulings of the courts and make proper provision for those who find it difficult or impossible to use computers.

Tax advisers have questioned the need for two new tax evasion offences, following the Government’s announcement that it will go ahead with them.

The Chartered Institute of Taxation’s Scottish Technical Committee has welcomed the announcement by the Chancellor that the decision to cut some tax credits will be reversed; these were due to be cut from April 2016. 

The Chancellor's planned 'higher wage, lower welfare' economy will translate simply into a lower welfare economy for those who work for themselves, say LITRG.

In today's Autumn Statement, the Chancellor announced changes to two schemes that have not yet been introduced - the planned increased provision of free childcare from 15 hours to 30 hours and "tax-free childcare", a scheme to help parents meet childcare costs.

The Chancellor today announced an extra 3% of Stamp Duty Land Tax on purchases of buy to let properties and second homes, from 1 April 2016. Caravans, mobile homes, houseboats will all be excluded; similarly the intention is to exclude commercial investments in residential property from the additional charge.