News
Showing page 1 of 45
Tax gap at record high – and record low
21 Jun 2024‘Tax Gap’ figures published yesterday show the gap at a record high in cash terms but a record low as a share of the tax that should be collected. The most visible trends are a rising amount lost to non-payment due to corporate insolvencies, and big revisions upwards in corporation tax non-compliance by small businesses.
Read more »UK's proposed carbon tax on imports receives a cautious welcome from tax experts
18 Jun 2024A proposed tax on greenhouse gases produced in the manufacture of energy intensive goods imported to the UK needs careful design.
Read more »Millions in taxes missed in football transfers
4 Jun 2024HMRC could have missed out on millions of pounds in tax from football transfers, says the Chartered Institute of Taxation (CIOT).
Read more »Compulsory sign-up to professional body not a “silver bullet” to rogue advisers
31 May 2024Requiring tax practitioners to sign up to a professional body will help tackle the practices of rogue advisers in the market, but is not a “silver bullet”, the Chartered Institute of Taxation (CIOT) has warned.
Read more »Election is opportunity for tax education, says new Institute President
30 May 2024The general election campaign is an opportunity to improve public understanding of tax, and the Chartered Institute of Taxation (CIOT) will play a part in this, says the Institute’s new President Charlotte Barbour.
Read more »Invest in tax system to boost economic growth, say tax advisers
28 May 2024Any party serious about improving economic growth and productivity should be making the administration of the tax system a key part of its general election platform, says the Chartered Institute of Taxation (CIOT).
Read more »Professional bodies welcome HMRC’s updated Standard for Tax Agents
20 May 2024The leading UK accountancy and tax bodies have welcomed the publication on 17 May of an updated HMRC Standard for Agents.
Read more »LITRG’s work recognised by prestigious tax awards
17 May 2024The Low Incomes Tax Reform Group (LITRG) has been honoured with a prestigious tax award.
Read more »LITRG: Child Trust Funds - find them for free
16 May 2024The Low Incomes Tax Reform Group has urged young people to use a free HMRC tool to check if they have a Child Trust Fund (CTF), following concerns that some firms could be charging hundreds of pounds to trace and help withdraw the value of the fund.
Read more »CIOT urges simplification of HMRC’s tax rules and processes
15 May 2024Aligning rules and requirements across different taxes could reduce complexity and administrative burdens for taxpayers, agents and HMRC, says the Chartered Institute of Taxation (CIOT).
Read more »