News

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.

The Chartered Institute of Taxation (CIOT) has announced its team of Officers for 2023-24. Current CIOT Deputy President Gary Ashford will become President, with Charlotte Barbour the Deputy President and Nichola Ross Martin Vice-President.

The Chartered Institute of Taxation (CIOT) has welcomed the launch of a consultation which offers the prospect of greater clarity on the capital gains tax (CGT) treatment of Decentralised-Finance (De-Fi) lending and staking services for cryptoassets.

The Low Incomes Tax Reform Group (LITRG) welcomes the government’s confirmation today that it intends to address an issue faced by some parents and guardians who have not claimed Child Benefit and may have missed out on future entitlement to a full state pension as a result. However, LITRG urges the government to ensure that those who may become eligible for backdated National Insurance (NI) credits are refunded any voluntary NI contributions made for relevant years.

The Chartered Institute of Taxation (CIOT) has welcomed a number of consultations launched today which could make parts of the tax system easier to navigate, but said there was nothing in today’s measures that most people would recognise as simplifying their taxes.

The Scottish Government is being urged to revisit its opposition to a proposal that Revenue Scotland be given a discretionary power similar to HMRC to waive an additional homes tax in exceptional circumstances.

A long-awaited pension contribution top-up for low earners may not reach most of those entitled to it, campaigners fear. The Low Incomes Tax Reform Group (LITRG) is writing to MPs ahead of a parliamentary debate on the measure to encourage them to strengthen the legislation and press the government to do more to maximise take-up of the top-up.

The Chartered Institute of Taxation (CIOT) is delighted to have been shortlisted for Outstanding Contribution to Taxation in 2022-23 by a Not-for-profit Organisation, in the annual Tolley’s Taxation Awards.

Leading tax and accountancy professional bodies have come together to propose a series of actions ministers and officials should take if they are serious about delivering a simpler tax system.

With the 2023/24 tax year beginning tomorrow (6 April), the Chartered Institute of Taxation is reminding Scottish taxpayers what Holyrood’s decisions on income tax will mean for them in the coming year.