Campaigners for taxpayers on low incomes have given a cautious welcome to a call for evidence launched today on ways in which online platforms could act as intermediaries between their users and HMRC by enabling users to understand and comply with their tax obligations.
The Chartered Institute of Taxation (CIOT) has welcomed today’s updated position paper from the Government on corporate tax and the digital economy. The CIOT is supportive of government attempts to review what activities constitute value-creation, but believes any changes should be introduced through international negotiation.
The Chartered Institute of Taxation (CIOT) has welcomed the Government’s commitment to ‘value creation’ remaining as the basis to decide where and how much to tax multinational companies. But the CIOT cautions that the Government’s push for reforms to factor in the value created by the participation of users in certain digital multinational businesses – for example by posts on social media platforms – when determining which countries those businesses' profits should be taxed in, is likely to be difficult and controversial.
The LITRG is urging parents and carers to check their position before applying for the new Tax-Free Childcare (TFC) as they may find other benefits they currently receive are stopped or that other childcare schemes can offer more financial support than TFC.