Trivial commutation for small pensions
With the introduction of pensions flexibility in April 2015, it might have been hoped that ‘trivial commutation’ and ‘sm...
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Technical
Financial guidance and advice
The Low Incomes Tax Reform Group (LITRG) is keeping a watch on developments in public financial guidance....
VAT: HMRC update Internal Manuals relating to Holding Companies
Following a long period of uncertainty in this area, the CIOT welcomes the updates which publicly document HMRC’s curren...
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Land pooling and the Housing White Paper
In February the Department for Communities and Local Government published ‘Fixing our broken housing market’ setting out...
Client notification requirements, deadline approaching!
Regulations came into force on 30 September 2016 requiring certain businesses (including tax advisers and financial inst...
Consultation on sanctions for late submission and late payment
HMRC’s consultation document Making Tax Digital – sanctions for late submission and late payment was published on 17 Mar...
Making Tax Digital
Along with numerous other measures (as reported above), the MTD clauses were removed from the Finance Bill and are there...
FB 2017 Clause 128 & Schedule 29: Requirement to correct certain offshore tax non-compliance
The CIOT also submitted further comments to HMRC about the draft legislation in clause 128 and Schedule 29 of the Financ...
FB 2017 Clause 124: Errors in Taxpayers’ Documents (Penalties for Users of Defeated Avoidance)
The CIOT submitted further comments to HMRC about the draft legislation in clause 124 of the
FA 2017 Employment Taxes Provisions: the ins and the outs
Despite the shortened timetable for the Finance Bill, with the House of Commons stages passing in one short afternoon on...