Press releases

 


The Chartered Institute of Taxation (CIOT) has welcomed HMRC’s decision to exempt many small businesses from new tax reporting obligations, laid out in a series of consultations by the Government today.

The Chartered Institute of Taxation (CIOT) and its Low Incomes Tax Reform Group (LITRG) have welcomed the Government’s commitment to change the law to avoid people being unfairly taxed on their life insurance policies.

Exam results published today reveal a record number of students completing the Chartered Institute of Taxation’s ADIT (Advanced Diploma in International Taxation) exams.

The Chartered Institute of Taxation (CIOT) has called on the Government to delay changes to tax relief for corporate interest expense to help businesses adjust to the new regime smoothly and prevent the complexity having a negative impact on inward investment to the UK.

The LITRG has highlighted that taxpayers can help fund potential Olympic champions of the future through a little known feature of Gift Aid. But non-taxpayers should avoid using Gift Aid when making donations.

The LITRG has recommended that any return on Help to Save accounts be free from income tax to make them simple to understand and administer.

A senior member of tax campaign organisation the LITRG has been appointed to the Social Security Advisory Committee (SSAC).

The LITRG, in partnership with the London Advice Services Alliance (LASA), has launched a new online tool to help people check whether they can claim universal credit and tax credits in their postcode area, an initiative that is much needed given the complicated roll-out of changes to benefits. 

The Chartered Institute of Taxation (CIOT) is concerned that the new corporate offence of failure to prevent the criminal facilitation of tax evasion may lead to a string of prosecutions in relatively small cases where civil penalties can already provide enough punishment.

The LITRG is urging people in receipt of tax credits to complete their renewals by July 31 to avoid their payments stopping.