The “eleventh-hour” agreement between the Scottish Government and Green Party to secure the Scottish Budget would have been too rushed to conform with its proposed framework for introducing new taxes, the Chartered Institute of Taxation has said.
The Chartered Institute of Taxation (CIOT) is suggesting to HMRC that the tax authority reviews the aims and use of the private residence relief (PRR) before planned cuts to the final exemption period.
HMRC’s Check Employment Status for Tax (CEST) tool needs to be significantly improved if the rollout of the off-payroll working rules to the private sector is not to lead to uncertainty and protracted disputes over tax status between businesses and workers, says the Chartered Institute of Taxation (CIOT). The criticism comes after HMRC have recently lost a number of tribunal cases on off-payroll working rules,1 and an acceptance by HMRC that the CEST tool only provides a determination in 85 per cent of cases.
The need for a strong voice for unrepresented taxpayers, and accessible guidance to help them comply with their tax obligations, has never been greater, the new chair of the Low Incomes Tax Reform Group (LITRG) has said.
The Low Incomes Tax Reform Group (LITRG) has published a guide to help the self-employed understand the tax system better. The guide is a response to LITRG’s concerns that low income self-employed people do not understand fully their tax position and the interaction with some benefits, and to worries about the impact of reduced guidance and face to face help for taxpayers from HMRC.
In his inaugural speech as President of the Chartered Institute of Taxation (CIOT), Glyn Fullelove will today say that high professional standards has the potential to be one of the strongest positive messages in the CTA (Chartered Tax Adviser) brand. He will say there is no place for any tax advisers who promote avoidance schemes in the CIOT.
The Chartered Institute of Taxation (CIOT) backs the Office for Tax Simplification’s (OTS) call for the Government to prioritise action to address long-standing concerns about the experience of smaller businesses. The CIOT agrees that the Government should offer better and more readily accessible guidance, joined-up across government and communicated through multiple channels, to help people starting small businesses.
The Chartered Institute of Taxation (CIOT) is appealing to the Government to hold off on adding further complexity to the taxation of residential property after a spate of changes in recent years, or risk further confusing the public and those involved in property transactions such as conveyancers.