Press releases

 


Responding to this afternoon’s government statement on Making Tax Digital (MTD), Adrian Rudd, Chair of the joint CIOT/ATT Digitalisation and Agent Strategy Working Group, said:

Ahead of this afternoon’s vote in the Scottish Parliament to set rates and bands of Scottish income tax for the 2019/20 tax year, the Chartered Institute of Taxation (CIOT) is pointing out that income tax decisions taken at Westminster are continuing to have a greater impact on Scottish taxpayers than those taken at Holyrood.

The Chartered Institute of Taxation (CIOT) has announced its team of Officers for 2019-20. Current CIOT Deputy President Glyn Fullelove will be President, with Peter Rayney the Deputy President and Susan Ball Vice-President.

The Chartered Institute of Taxation (CIOT) is appealing to the Government to consider simplifying its planned Structures and Buildings Allowance (SBA).

The Chartered Institute of Taxation (CIOT) is delighted to announce that nearly 1,000 tax professionals have completed its ADIT (Advanced Diploma in International Taxation) qualification since it was launched, after the latest round of exams in December 2018. 

The Low Incomes Tax Reform Group (LITRG) is reminding people of their right, in certain circumstances, to contest penalties given by HMRC for missing the Self Assessment tax return deadline of 31 January 2019.

Commenting on today’s Welsh Assembly vote to approve the Welsh Budget for 2019/20, Ritchie Tout, Vice-chair of the CIOT’s Welsh Taxes Technical Committee, said:

The Low Incomes Tax Reform Group is reminding people that the online tax return filing deadline of 31 January 2019 is approaching fast. The advice is because HMRC found that almost half of 2016/17 tax returns were filed in the month of January.1

The Chartered Institute of Taxation (CIOT) welcomes HMRC’s approach to businesses they suspect of breaking the rules on the Diverted Profits Tax (DPT). But the CIOT is concerned that the need for the new facility indicates a tax system that is under strain, and placing increasing burdens on taxpayers.

The Low Incomes Tax Reform Group (LITRG) welcomes a government review of the effects of changes to the offshore time limit rules, to be completed by March 2019. The review also requires a comparison with other time limits, including the loan charge, but will not necessarily lead to any changes to the law relating to the loan charge and its application from 5 April 2019. This has led a concerned LITRG to continue to urge low-paid workers potentially affected by the charge to contact HMRC, saying it is important that they do not decline to come forward because of exaggerated expectations of what may come out of the review.1