News

The Low Incomes Tax Reform Group (LITRG) is warning that the spectre of another ‘side hustle’ tax controversy looms as online platforms like eBay, Vinted and Deliveroo start sending reports to HMRC on the income of their sellers in January.

With HMRC writing1 to crypto investors who it suspects have failed to pay the correct tax on their gains, the Chartered Institute of Taxation (CIOT) is reminding all crypto asset owners to ensure their tax reporting is accurate and up to date.

More than 500 international tax professionals have successfully passed exams for the Chartered Institute of Taxation’s ADIT (Advanced Diploma in International Taxation) qualification.

Poor service levels continue to undermine HMRC’s ability to deliver on their Charter standards, says the Chartered Institute of Taxation (CIOT).

‘Tax Gap’ figures published yesterday show the gap at a record high in cash terms but a record low as a share of the tax that should be collected. The most visible trends are a rising amount lost to non-payment due to corporate insolvencies, and big revisions upwards in corporation tax non-compliance by small businesses.

A proposed tax on greenhouse gases produced in the manufacture of energy intensive goods imported to the UK needs careful design.

HMRC could have missed out on millions of pounds in tax from football transfers, says the Chartered Institute of Taxation (CIOT).

Requiring tax practitioners to sign up to a professional body will help tackle the practices of rogue advisers in the market, but is not a “silver bullet”, the Chartered Institute of Taxation (CIOT) has warned.

The general election campaign is an opportunity to improve public understanding of tax, and the Chartered Institute of Taxation (CIOT) will play a part in this, says the Institute’s new President Charlotte Barbour.

Any party serious about improving economic growth and productivity should be making the administration of the tax system a key part of its general election platform, says the Chartered Institute of Taxation (CIOT).