News

The government should consider putting in place a transitional rule to enable older farmers and other business owners to gift assets to a younger generation free of inheritance tax before the government’s changes take effect in April, says the Chartered Institute of Taxation (CIOT).

The Chartered Institute of Taxation (CIOT) and Association of Taxation Technicians (ATT) have responded to today’s government announcement that it plans to consolidate anti-money laundering (AML) and terrorist financing supervision for accountancy, legal and trust and company service providers into one Single Professional Services Supervisor (SPSS), the Financial Conduct Authority (FCA).

The Low Incomes Tax Reform Group (LITRG) has called on the Treasury to make it easier for state pensioners to pay any tax they owe.

The Chartered Institute of Taxation (CIOT) is warning the government that new legislation aimed at tackling rogue tax agents and those pushing tax avoidance schemes won’t catch all of those it is aimed at, but will make it harder for some taxpayers to get the advice they need to comply with tax laws.

The Chartered Institute of Taxation (CIOT) and Association of Taxation Technicians (ATT) have agreed a deal with a new software provider to improve the exam process for their students from 2026 onwards.

The seven professional bodies that jointly prepare Professional Conduct in Relation to Taxation (PCRT) have published an update to reflect wording changes in international codes on ethical standards. The updated PCRT will take effect from 1 January 2026.

The Low Incomes Tax Reform Group (LITRG) is encouraging taxpayers who can’t manage their tax affairs online and are due to start using Making Tax Digital (MTD) for Income Tax to check whether they can claim an exemption from the initiative, which launches in six months’ time.

The Low Incomes Tax Reform Group (LITRG) is reminding gig workers and side hustlers to check if they need to complete a self assessment tax return for the 2024/25 tax year and register with HMRC by the 5 October deadline if necessary.

The Low Incomes Tax Reform Group (LITRG) has written to the new tax minister, encouraging him to focus his efforts on ensuring that HMRC’s digital services are fit for purpose.

The Chartered Institute of Taxation (CIOT) has written to the new tax minister stressing the importance of carrying out wide and early consultation before committing to significant reforms to the tax system.