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LITRG press release: Tax campaigners welcome 12-month delay to Making Tax Digital for the self-employed and landlordsSeptember 24, 2021
The Low Incomes Tax Reform Group (LITRG) welcomes the Government’s announcement today that the roll out of the Making Tax Digital for Income Tax programme¹ is delayed from 6 April 2023 until 6 April 2024.
Leading tax bodies respond to the Making Tax Digital delaySeptember 23, 2021
The Chartered Institute of Taxation (CIOT) and the Association of Taxation Technicians (ATT) welcome a delay to a major change in how self-employed businesses and landlords with annual business or property income above £10,000 keep their records and report to HMRC.
Tax Gap ticks back up – no sign of MTD impactSeptember 16, 2021
‘Tax Gap’ figures published today show the gap increasing in both absolute terms and as a share of the tax that should be collected, after five years when the latter figure fell.
Time to ditch quirky 5 April tax year endSeptember 15, 2021
The UK should abandon its peculiar 6 April – 5 April tax year and move to a more modern and logical tax year, says the Chartered Institute of Taxation (CIOT).
National Insurance – Practical implications for ScotlandSeptember 7, 2021
The Chartered Institute of Taxation (CIOT) has commented on the practical implications for taxpayers in Scotland following the Prime Minister’s announcement that rates of National Insurance (NI) are to increase by 1.25 per cent from next April.
CIOT comments on Health and Social Care Levy announcementSeptember 7, 2021
The CIOT has commented on the government's announcement of a new Health and Social Care Levy.
Ease pressure on businesses by delaying digital tax reform, says CIOTSeptember 2, 2021
The Chartered Institute of Taxation (CIOT) is urging the Government to delay a change to how sole traders and partnerships calculate their taxable profits each year – and is also calling for a delay to the controversial Making Tax Digital for Income Tax Self-Assessment proposals. The CIOT believes both proposals will put major pressure on businesses and advisers already reeling from the impact of the COVID-19 pandemic.
International tax professionals celebrate their latest ADIT exam resultsAugust 19, 2021
The Chartered Institute of Taxation (CIOT) is delighted to announce the newest cohort of successful ADIT (Advanced Diploma in International Taxation) students, graduates and award winners, after the June 2021 examinations. All exams were delivered remotely using online exam software, to students in more than 60 countries around the world.
LITRG press release: Act quickly to get your tax credits reinstatedAugust 18, 2021
The Low Incomes Tax Reform Group (LITRG) is urging people who missed the 31 July tax credits renewals deadline to contact HMRC urgently to restart their tax credit payments.
Worry over timeframe for cladding taxAugust 3, 2021
The Chartered Institute of Taxation (CIOT) is warning about the challenging timeframe for the post-Grenfell disaster Residential Property Developer Tax (RPDT). It has led CIOT to call on the Government to indicate the rate range as soon as possible because it impacts residential development projects under negotiation now.