Chartered Institute of Taxation News
Tenants are being quizzed on the tax status of their landlords by HMRC.1 An HMRC fact finding letter goes on to suggest tenants may have to take tax off their own rental payments to ensure the correct tax is paid if their landlord is not resident in the UK and is not registered under the UK’s Non-resident Landlord Scheme (NRL) – or face a fine.2 The CIOT is urging any confused or concerned tenant not to ignore the letter and to seek advice if they need it.  
Thu, 14 Nov 2019 16:06
Treasury ministers should review and respond to the loan charge review within days of a new government being formed, the Chartered Institute of Taxation (CIOT) has said.
Thu, 07 Nov 2019 16:00
Political parties should think twice before launching ‘rabbit out of a hat’ tax policies during the election campaign, where they commit themselves to a new idea or major reform out of the blue without consulting or preparing the ground in advance, says the Chartered Institute of Taxation (CIOT).
Thu, 07 Nov 2019 14:17
We are aware that HMRC are sending compliance letters to tenants occupying residential property owned by non-resident corporate landlords.
Tue, 05 Nov 2019 10:53
The Office of Tax Simplification (OTS) recommendation of a new Individual Tax Account1 that combines the features of the current personal tax account and business tax account, meaning all the income of an individual is held in one place, is welcomed by LITRG. The report makes other recommendations, such as allowing people to make ad hoc payments towards their tax bills when they have spare income, which LITRG agrees should be explored further.
Fri, 01 Nov 2019 11:44
Devolution is making it harder for claimants to understand the benefits system and the Scottish and UK governments need to work harder to ensure people claim what they are entitled to, according to the Low Incomes Tax Reform Group (LITRG).
Thu, 31 Oct 2019 10:21
The Chartered Institute of Taxation (CIOT) is cautioning that the decision to postpone the UK Budget will damage the Scottish Parliament’s ability to scrutinise tax and spending plans ahead of the new tax year.
Fri, 25 Oct 2019 10:38