COVID-19

MPs unimpressed by lack of new announcements

By Hamant Verma on 14 January 2021

Chancellor Rishi Sunak gave an economic statement to the Commons this week (11 January).

New century, new approach to business taxes, urge tax experts

By Hamant Verma on 8 January 2021

The Treasury Committee continued its inquiry into Tax after Coronavirus with a session focused on taxation of businesses, held the week before Christmas.

Tax after Coronavirus Inquiry: Economists favour reforms to employment and property taxes

By Hamant Verma on 4 September 2020

The Treasury Committee held the first oral evidence session of its Tax after Coronavirus inquiry this week (1 Sept). The witnesses were Paul Johnson, Director at the Institute for Fiscal Studies, Dr Gemma Tetlow, Chief Economist at the Institute for Government, Mike Brewer, Deputy Chief Executive and Chief Economist at the Resolution Foundation, and Professor Philip Booth, Senior Academic Fellow at the Institute of Economic Affairs. They spoke for greater neutrality in employment taxes and better taxation of property.

How will we pay for the coronavirus debt – and should we?

By John Cullinane on 25 August 2020

This is a reproduction of a comment article written by John Cullinane, Tax Policy Director at the Chartered Institute of Taxation, which appeared in The Independent on Monday (24 August 2020).

Chancellor plays straight bat to committee probing on tax reform

By Hamant Verma on 24 July 2020

The House of Commons Treasury Committee took oral evidence from the Chancellor, Rishi Sunak, officially as part of its inquiry into the economic impact of coronavirus, though other issues were also covered. Also attending was Dan York-Smith, Director of Strategy, Planning and Budget, at the Treasury.

Look at tax system as we come out of crisis, says IFS

By Hamant Verma on 12 June 2020

The Treasury Committee invited Torsten Bell, Chief Executive at Resolution Foundation, Paul Johnson, Director at Institute for Fiscal Studies, Dr Gemma Tetlow, Chief Economist at Institute for Government, and Giles Wilkes, Senior Fellow at Institute for Government, to give evidence in its inquiry on the economic impact of coronavirus, this week.

Treasury Committee focuses on Job Retention Scheme and SEISS in latest Covid-19 inquiry

By CIOT External Relations Team on 23 April 2020

The Treasury Select Committee held an evidence session on Tuesday 21 April on the economic impact of Coronavirus. Two evidence sessions were conducted over a two-hour period:

Beware the tax implications of waiving remuneration

By Contributor on 8 April 2020

There are very strict rules regarding the waiver of both salary and bonuses. If the rules are not followed an employer may find themselves being pursued by HM Revenue and Customs for PAYE and NICs.