Consultation on tax simplification for alternative finance
[ad_1] The government has proposed changing the capital gains tax (CGT) rules to ensure that alternative finance arrangements are taxed in the same way as other arrangements. If this article is supporting your professional development, it can count towards your verifiable CPD hours. Use the pop up at the bottom right corner of your screen […]
ICAEW and other bodies request action on tax simplification
[ad_1] Meaningful tax simplification requires a clear plan, focused resource, accountability, and investment, say the professional bodies. On 5 April 2023, ICAEW together with the Chartered Institute of Taxation, Institute of Chartered Accountants of Scotland, Association of Taxation Technicians and Low Incomes Tax Reform Group, wrote to the Financial Secretary to the Treasury (FST). The […]
Tax simplification a top priority for Treasury Committee Chair
[ad_1] ICAEW hosts Treasury Committee Chair Harriett Baldwin MP for a discussion on tax simplification following the demise of the Office for Tax Simplification. ICAEW Director of Public Sector and Taxation Alison Ring OBE FCA welcomed Treasury Committee Chair Harriett Baldwin MP and representatives from across the tax profession to Chartered Accountant’s Hall on Wednesday […]
Professional bodies challenge government on tax simplification
[ad_1] ICAEW has joined other professional bodies to propose a series of actions on tax simplification following the closure of the Office of Tax Simplification. ICAEW, together with the Chartered Institute of Taxation, Institute of Chartered Accountants of Scotland, Association of Taxation Technicians and Low Incomes Tax Reform Group, has written to the Financial Secretary […]
Spring Budget 2023: Tax administration and simplification
[ad_1] ICAEW’s Tax Faculty outlines proposals announced at Spring Budget 2023 that aim to improve and simplify tax administration. Disappointingly, there is no additional funding to improve HMRC’s service performance. Prior to the Budget, ICAEW called for action to address poor HMRC service standards. Unfortunately, the government has not responded, although it is not clear whether […]