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The Tax Advisers Benevolent Fund Public Notice

January 7, 2022
The Tax Advisers Benevolent Fund (registered charity 1049658) hereby gives notice that it proposes to make application to the Charity Commission to update the charity's object clause.
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CIOT welcomes waiving of late filing penalties for self-assessment

January 6, 2022
Commenting on HMRC’s announcement today (Thurs) that they will not charge late filing penalties for those who file online by 28 February 2022 and late payment penalties for those who pay the tax due in full or set up a payment plan by 1 April 2022, CIOT’s Director of Public Policy John Cullinane said:
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Self-assessment penalties relaxed, but don’t rest too easy, warns LITRG

January 6, 2022
The Low Incomes Tax Reform Group (LITRG) welcomes today’s (Thursday) announcement from HMRC that they will not charge late-filing penalties for 2020/21 self-assessment tax returns filed online on or before 28 February 2022. HMRC have also announced that no late payment penalties will be charged for those who pay their 31 January tax bill in full or set up a payment plan by 1 April 2022.¹
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Chartered Institute of Taxation comment on Welsh Budget tax plans

December 21, 2021
The Chartered Institute of Taxation (CIOT) has commented on the tax proposals contained in the draft Welsh Budget for 2022/23 published today (20 December 2021). These comments relate to the news that the Welsh Rate of Income Tax (WRIT) is to be kept at 10p and the publication of a Welsh Government consultation on Land Transaction Tax (LTT) and second homes.
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CIOT shares Lords committee’s worries about tax reporting reform

December 15, 2021
The Chartered Institute of Taxation (CIOT) welcomes recommendations in a House of Lords report published today (15),¹ including that more work needs to be done on the impact basis period reform will have on businesses unable to align their accounting period with the tax year.
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CIOT responds to the Scottish Budget

December 9, 2021
The Chartered Institute of Taxation (CIOT) has commented on the tax announcements contained in today’s Scottish Budget (9 December). The CIOT noted that the Scottish Government’s decision to increase the starter and basic rate bands by inflation will mean that the point at which Scots start to pay more income tax than someone living elsewhere in the UK rises from £27,393 to £27,850.
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LITRG press release: Government move on umbrella companies a chance to end disguised remuneration problem

November 30, 2021
The Low Incomes Tax Reform Group (LITRG) welcomes today’s publication of a cross departmental call for evidence on the umbrella company sector and hopes it will ultimately lead to an end to the problem of low-paid agency workers being paid through disguised remuneration.
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LITRG press release: LITRG welcomes roadmap for future consultations about tax

November 30, 2021
The Low Incomes Tax Reform Group (LITRG) welcomes the Government’s commitment that HMRC will develop a roadmap setting out the direction of travel for reforms to the tax system over the next ten years.¹ This is after the Government responded today (Tuesday) to HMRC’s earlier call for evidence on the reforms.
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Government responses show tax simplification is far from simple

November 30, 2021
The Chartered Institute of Taxation has welcomed the five-year review of the Office of Tax Simplification (OTS) published today and the Government’s recognition of the importance of its work, but expressed disappointment at how few of its recommendations have been accepted.
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CIOT zero in on Treasury's 'net zero' tax omission

November 29, 2021
The Treasury should report on the environmental impact of each of its tax measures from now on as part of the massive effort needed by the Government to ensure the UK meets its ‘net zero’ 2050 target, says the Chartered Institute of Taxation (CIOT).
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