News

‘Tax Gap’ figures published today show the gap remaining steady as a share of the tax that should be collected. The gap was up by £5 billion in absolute terms in 2021-22 but this is in line with an increase in the theoretical tax liability during a year when the tax take recovered from a sharp dip during the coronavirus pandemic.

The 10th anniversary of the introduction of the income tax cash basis is the right time for a review, says the Chartered Institute of Taxation, with simplification of the rules key to encouraging more businesses to use it.

The Chartered Institute of Taxation has welcomed today’s report from the House of Commons Treasury Committee on Tax Simplification, and in particular the committee’s call for the government to report annually to the committee on progress towards tax simplification.

The President of the Chartered Institute of Taxation (CIOT) will this evening say that the temporary closure of the helpline for self-assessment taxpayers from today is “another flashing indicator that HMRC can’t cope with everything it is being tasked with” and call on the government to resource HMRC to provide the level of service taxpayers need.

Making Tax Digital (MTD) is “out of control”, with HMRC vastly underestimating development and implementation costs and overestimating benefits to the exchequer of its flagship scheme, says the Chartered Institute of Taxation (CIOT) and Association of Taxation Technicians (ATT) following a damning report by the National Audit Office (NAO).

The Low Incomes Tax Reform Group (LITRG) has reacted to proposals set out in a new consultation on umbrella companies, welcoming the strong options for tackling tax non-compliance which they say go a long way towards addressing their longstanding and serious worries about disguised remuneration.

The temporary closure of one of the most-used taxpayer helplines suggests ‘a cry for help in a desperate situation’ says the Chartered Institute of Taxation.

The Low Incomes Tax Reform Group (LITRG) has reacted to the announcement that HMRC are to close their telephone self assessment helpline for three months from 12 June 2023.

The Low Incomes Tax Reform Group (LITRG) has published new guidance for taxpayers who might be considering using a tax refund company to help them obtain a tax refund.

The new President of the Chartered Institute of Taxation (CIOT), Gary Ashford, has urged ministers to provide HMRC with the resources needed to improve service levels to taxpayers and advisers.