News

The Chartered Institute of Taxation (CIOT) has welcomed the publication of legislation to extend income tax exemptions for eye tests and glasses, and home working equipment, to include costs reimbursed by employers. These benefits are already exempt where an employer pays for them directly (including providing a voucher). The CIOT has also welcomed legislation introducing a new exemption for flu vaccinations, which will also extend to employer reimbursements. 

The Low Incomes Tax Reform Group (LITRG) is urging the Chancellor to set out how the government’s plan not to collect income tax from certain state pensioners will work.

The Chartered Institute of Taxation has welcomed the government’s decision1 not to introduce a criminal offence of failing to notify a scheme under the Disclosure of Tax Avoidance Scheme (DOTAS) rules.  

The Chartered Institute of Taxation (CIOT) has welcomed the news that the new £1 million agricultural and business property reliefs allowance will be transferable between spouses and civil partners. The Institute had made the case for this change in a number of representations to government.

The announcement today that e-invoicing will be mandatory for VAT registered businesses selling to UK business customers from April 2029 is a big step in the digitalisation of the tax system comparable to the introduction of Making Tax Digital, says the Chartered Institute of Taxation (CIOT). 

LITRG welcomes today’s announcement that taxpayers who are required to take part in Making Tax Digital (MTD) for Income Tax from next April will not be charged penalty points if they fail to submit any of their compulsory quarterly updates of income and expenses late during the first 12 months.

The Low Incomes Tax Reform Group (LITRG) has commented on the decision to freeze the personal allowance for a further three tax years from April 2028 to April 2031. 

Today’s Budget adds complexity to the tax system and increases the workload for both HMRC and taxpayers, says the Chartered Institute of Taxation (CIOT). 

Commenting on today’s announcement of a high value council tax surcharge in England, Leigh Sayliss, chair of the Chartered Institute of Taxation’s Property Taxes Committee, said:

The Chartered Institute of Taxation (CIOT) has highlighted potential issues over fairness following the Chancellor’s announcement to levy NICs on pension contributions made through salary sacrifice arrangements