Submissions archive - 2019

The Chartered Institute of Taxation (CIOT) responds to the draft legislation regarding inheritance tax and excluded property added to and transferred between trusts.

The Chartered Institute of Taxation (CIOT) has sent further comments to HMRC in relation to the provisions in Finance Act 2019 for chargeable gains accruing to non-residents.

The Chartered Institute of Taxation (CIOT) have writtin to HMRC in respect of the availability of Business Investment Relief (BIR) where the investment is to be made in a target company that is either:

  • by way of a loan to a trading subsidiary of a charity parent, or
  • by way of investment in a Community Interest Company (CIC).

The Chartered Institute of Taxation (CIOT) sets out its response to the draft legislation which will introduce off-payroll working rules to the private sector and amend the off-payroll working rules currently applying to the public sector from April 2020.

We refer to the draft legislation published on 11 July 2019 intended to be included in the next Finance Bill to give effect to the UK’s Digital Services Tax (DST). That the UK would implement a DST was announced at Budget 2018, and the government subsequently consulted on the proposed DST. On 11 July the government also published draft guidance and a summary of the feedback to the consultation and the government’s response (summary of responses). We set out our comments on the proposed approach and the draft legislation and guidance.

The Chartered Institute of Taxation (CIOT) sets out its response to the draft legislation replacing the existing concessionary treatment of payments or reimbursements of reasonable out-of-pocket expenses to voluntary office holders contained in HMRC guidance at EIM71100.

The Chartered Institute of Taxation (CIOT) sets out its response to the draft legislation introducing a new regime for calculating a car’s CO2 emissions (known as the Worldwide Harmonised Light Vehicles Test Procedure (WLTP)) for company car tax (CCT) purposes, which will apply to all cars first registered from 6 April 2020 onwards.

The CIOT comments on the draft legislation published on 11 July 2019 (L-day) intended to be included in the next Finance Bill to give effect to the Corporate Capital Loss Restriction (CCLR). The CCLR was announced at Budget 2018 and the government subsequently consulted on the detail of the delivery of the CCLR. 

The CIOT comments on draft Finance Bill legislation on the transfer of unlisted securities to connected companies for Stamp Duty and Stamp Duty Reserve Tax.

The CIOT comments on the Double Taxation Dispute Resolution (EU) Regulations.