Press releases

 


The results from the latest group of students to sit the joint CIOT ICAEW Taxation of Major Corporates (TOMC) exam show an increase in the pass rate to 76 percent.

This week, the House of Commons approved plans to cut tax credits as part of the planned reductions to the welfare budget. The table enables people who claim working tax credits and child tax credits to measure the financial impact of the changes. LITRG’s simple table is reproduced below. If you are having difficulty reading the table, click on the link here, which will take you to the article on the LITRG website.

The Chartered Institute of Taxation (CIOT) has criticised proposals by the Ministry of Justice to introduce fees for taxpayers wishing to take disputes - appealing a penalty notice for example - with HMRC to tribunal1. The Institute is arguing that an obligatory fee for cases to be heard in the First-tier Tribunal (FTT) Tax Chamber and Upper Tribunal (UT) Tax Chamber will adversely affect access to justice and is wrong in principle.

The Chartered Institute of Taxation (CIOT) has appointed a former President of the Institute, John Cullinane, as the organisation’s new Tax Policy Director; he has assumed the post with immediate effect.

The Chartered Institute of Taxation (CIOT) has called for an effective publicity campaign when the announcement of a Scottish Rate of Income Tax (SRIT) is made(1), to ensure that employers and taxpayers are not adversely affected(2).

Students of the ADIT (Advanced Diploma in International Taxation) qualification, who sat exams in a record 42 countries and territories, will today receive their results. A number of awards and distinctions have been announced by the qualification’s parent body, the Chartered Institute of Taxation (CIOT).

The Chartered Institute of Taxation (CIOT) has criticised yesterday’s Government announcement that it will be pressing ahead with the introduction of a new ‘strict liability’ offence for offshore tax evasion.

Legislation published today delivers on a promise made to professional bodies by the Government that debtors who dispute claims that they owe HMRC money will be able to appeal to the County Court before HMRC has the right to take the money directly from their bank accounts.

The LITRG is reminding people in receipt of tax credits that just three weeks remain to complete renewal forms. Those same people must be especially vigilant of scams targeting claimants through fake emails, websites and even text messages.

The Low Incomes Tax Reform Group (LITRG) is calling on HMRC to clear up confusion over future levels of child tax credit thresholds. LITRG have conveyed these concerns in the following statement issued today: