Scotland update – a call for evidence on the land and buildings transaction tax
The Finance Committee of the Scottish Parliament issued a call for evidence (tinyurl.com/jzs5rse) at the end of June to ...
Personal tax
Personal tax
Offshore tax evasion – consultation on Requirement to Correct
HMRC’s consultation document Tackling Offshore Tax Evasion: a requirement to correct, published on 24 August, runs to 30...
Making Tax Digital – consultation
On 15 August 2016, HMRC published six consultation documents on its Making Tax Digital proposals.
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Latest briefings
The transition of tax credits to universal credit
Universal credit (UC) is gradually replacing working tax credit and child tax credit as well as income support, income-b...
Help to Save: consultation on implementation
Announced in early 2016, the Help to Save scheme will be available by April 2018 and open to ‘individuals… in receipt of...
Partial surrender of life insurance policies – CIOT and LITRG’s view
The CIOT welcomed both the formal consultation and the commitment to introducing legislation for the preferred option fo...
Creating a secondary annuity market consultation – LITRG response
HMRC has been consulting on proposals for a tax framework for the secondary annuity market, which is intended to come in...
Public financial guidance consultation – LITRG response
The government is proposing to change the structure of how it offers financial guidance to the public. The intention is ...
Help for vulnerable taxpayers
It is two years since HMRC closed its enquiry centres, removing the means for taxpayers to receive face-to-face assistan...
Reduction in the rate of capital gains tax
Clause 72 and accompanying Schs 11 and 12 deal with the legislation to enact a reduction in the rate of CGT from 6 April...