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Making Tax Digital road map announced, but work needed to smooth the journey

The ATT and CIOT welcome the clarity brought about by today’s announcements around Making Tax Digital, finally ending the speculation about its extension to income tax, but warn that tensions around compliance costs will remain.

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LITRG press release - Call for evidence offers opportunity to end pension inequality for low income workers

The Low Incomes Tax Reform Group (LITRG) has welcomed today’s publication of a Call for Evidence on pensions tax relief administration,1 describing it as a chance to finally end the injustice that means that around 1.75 million people on low incomes (mostly women) are being unfairly charged 25 per cent more for their pension contributions due to the way their employers’ pensions schemes operate.

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LITRG press release - Public Accounts Committee adds to pressure on government to look more closely at pensions tax relief anomaly for the lowest paid

The Low Incomes Tax Reform Group (LITRG) welcomes today’s Public Accounts Committee report on the management of tax reliefs1 which highlights an issue affecting a significant number of low-paid workers who miss out on tax relief on their pension contributions.2

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Chartered Institute of Taxation shares MPs’ alarm about unscrutinised tax reliefs

Responding to today’s (20 July) Public Accounts Committee report on Management of Tax Reliefs, CIOT Tax Policy Director John Cullinane has called for a programme of systematic review of tax reliefs to be put in place urgently, to ensure all reliefs are delivering value-for-money.

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Shrinking ‘tax gap’ welcomed, but rising business failures pose risk

The Chartered Institute of Taxation (CIOT) has welcomed figures published today (Thurs) showing that the ‘tax gap’ has fallen by a third in five years.1 But the CIOT has warned that the complexity of the tax system means taxpayer error is likely to remain high going forward, and that tax lost to non-payment due to business failure could be set to rise as a result of the current recession caused by COVID-19.

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Chartered Institute of Taxation comment on Land and Buildings Transaction Tax (LBTT) announcement

The Chartered Institute of Taxation has commented on the Scottish Government's plans to increase the threshold for Land and Buildings Transaction Tax (LBTT) from £145,000 to £250,000.

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Tax institute responds to Chancellor’s statement

The Chartered Institute of Taxation (CIOT) has commented on today’s government announcements of a Job Retention Bonus and temporary cut in Stamp Duty Land Tax.

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More than 90 per cent of Scottish house sales tax free if Scotland replicated chancellor’s stamp duty break

Replicating the chancellor’s plans to cut stamp duty land tax could result in more than 90 per cent of Scottish house sales being tax free but could drastically cut Land and Buildings Transaction Tax (LBTT) receipts, the Chartered Institute of Taxation (CIOT) has suggested.

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LITRG press release: Renewals warning for one million tax credit claimants following HMRC glitch

HMRC have written to around one million tax credit claimants after omitting important income figures from their renewal notices.1 LITRG advises all tax credit claimants to check their paperwork carefully and are urging HMRC to use the full extent of their powers to correct any issues that may arise later due to this glitch.

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LITRG press release: Struggling self-employed pressed to double-check eligibility for grant

The Low Incomes Tax Reform Group (LITRG) is encouraging self-employed people impacted by COVID-19 to double-check whether they are entitled to the first round of the Government’s Self-Employment Income Support Scheme (SEISS) grant before the claim window closes on 13 July.1

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