Press releases

 


June 2018 saw more than 600 ADIT (Advanced Diploma in International Taxation) students sit their exams in a record 50 cities around the world.

Victoria Todd is the new Head of Team at the influential Low Incomes Tax Reform Group (LITRG) of the Chartered Institute of Taxation (CIOT), replacing Robin Williamson MBE who has retired.

The Low Incomes Tax Reform Group (LITRG) is urging people to contact HMRC if they have missed the tax credits renewals deadline (31 July). The sooner people contact HMRC then the sooner they can get their tax credit payments re-started – or if they are lucky, they might catch HMRC in time to renew before their payments are stopped.

The Chartered Institute of Taxation (CIOT) has welcomed Scottish Government plans to consider the introduction of a new relief from Land and Buildings Transaction Tax (LBTT) for investors such as pension funds and insurance companies that invest in Scottish property.

The Chartered Institute of Taxation (CIOT) has welcomed the legal status of HMRC’s ‘soft landing’ intended to help taxpayers who may otherwise struggle with some of the IT demands of Making Tax Digital for VAT.

The Low Incomes Tax Reform Group (LITRG) has expressed disappointment at the Government’s response to the recommendations made by the Work and Pensions Committee’s ‘Universal Credit: supporting self-employment’ report.

The Low Incomes Tax Reform Group (LITRG) is giving some tax tips for young people who are looking for a summer holiday job, now that university lectures have finished and school’s (nearly) out.

People who claimed tax credits during 2017/18 and who have received renewal forms from HMRC, must act by July 31 so that their payments do not stop, advises the Low Incomes Tax Reform Group (LITRG).

The Low Incomes Tax Reform Group (LITRG) has given a qualified welcome to a new ‘penalty point’ model for late submission of tax returns, contained in draft legislation published today. The group thinks the penalty point approach should be easy for taxpayers to understand, but is concerned that other aspects of the new regime may prove more complex.

The Chartered Institute of Taxation (CIOT) has told MPs of its concern at HMRC’s apparent eagerness to litigate rather than make concessions to reasonable viewpoints when advised that there is less than 50 per cent chance of successful legal action. The Alternative Dispute Resolution (ADR) should be promoted more widely as a means of curbing this unwelcome trend, which is resulting in an ever increasing number of Tribunal cases, says the Institute.