Press releases

 


The Chartered Institute of Taxation (CIOT) has commented on the Scottish Government's announcement not to proceed with plans to reduce Air Departure Tax (ADT).

The Chartered Institute of Taxation (CIOT) is tempering expectations that the planned UK Digital Services Tax is a cure for ailing high streets.

The Chartered Institute of Taxation is advising Scottish taxpayers to be aware of the "practical realities" of income tax divergence as the new tax year begins tomorrow (6 April)

The Low Incomes Tax Reform Group (LITRG) is reminding couples that they have until this time next year (5 April 2020) to claim marriage allowance refunds dating back to the first tax year of the allowance, 2015/16.

From today, an estimated half a million1 VAT registered businesses must comply with the requirements of Making Tax Digital. But the CIOT and ATT are warning businesses against making a false start with Making Tax Digital by signing up too early – the consequences of which can be hugely problematic for them and HMRC.

The Chartered Institute of Taxation (CIOT) has announced the appointment of Jane Brothwood and Quinton Quayle as new Lay Public Interest Observers of the Institute’s Council.

Commenting on today’s report1 from HM Treasury on time limits in the tax system, which focuses in particular on time limits for tackling offshore non-compliance and the charge on disguised remuneration loans, CIOT President Ray McCann said:

It is just a little over a week until most VAT registered businesses will be required to start complying with the requirements of Making Tax Digital and the ATT and CIOT caution businesses that HMRC’s promised ‘light touch’ on penalties does not extend to the late payment of tax.

The Chartered Institute of Taxation has welcomed the publication of a Scottish Government consultation aimed at improving devolved tax policy making.

The Chartered Institute of Taxation (CIOT) has welcomed the absence of new tax measures in today’s Spring Statement, in line with the government’s commitment to holding just one fiscal event a year.