News

Taxpayers are being encouraged to watch out for 12 tax changes coming into effect this week.

Today’s announcement of additional resources for debt collection and compliance has been welcomed by the Chartered Institute of Taxation (CIOT) but the Institute is calling on the government to do more to support taxpayers trying to be compliant.

The government has confirmed alongside today’s Spring Statement that HMRC is to require taxpayers in its Making Tax Digital programme to complete their self assessment tax returns using third party software. LITRG is concerned that this will make it harder for some unrepresented taxpayers to meet their tax obligations.

The first Finance Act of the new government will gain Royal Assent and pass into law tonight.

The Low Incomes Tax Reform Group (LITRG) is urging people to check their National Insurance record to see if they can boost their state pension entitlement before 5 April 2025.

HMRC should commission research to measure how its investment in customer service boosts the country’s tax take, according to the Chartered Institute of Taxation (CIOT).

Nearly 400 international tax professionals are celebrating today after passing exams towards the Chartered Institute of Taxation’s ADIT (Advanced Diploma in International Taxation) qualification.

A new report on the rising cost of the tax system reinforces the need to invest in HMRC customer service, says the Chartered Institute of Taxation.

The Government has scrapped plans to require employers to provide HMRC with data on the number of paid hours worked by employees following concerns from the Chartered Institute of Taxation (CIOT) about the “significant administrative burden” this would place on businesses.

Efforts to simplify the taxation of interest earned overseas highlight the benefits of changing the tax year to match the calendar year, and the government should consider such a change, says the Chartered Institute of Taxation (CIOT).