Ciot

The Scottish business community has largely welcomed Chancellor Rishi Sunak's 'Budget for recovery' which extended the furlough scheme, froze income tax rates for five years and increased corporation tax to 25%. The Chancellor announced that the increase in corporation tax would not take effect

Ahead of the Scottish Government's vote to agree rates and bands of Scottish Income Tax for the 2021/22 tax year, the Chartered Institute of Taxation (CIOT) has outlined what the changes are likely to mean for Scottish taxpayers. The debate is due to take place following the Stage 1 debate on the Bu

The Chartered Institute of Taxation (CIOT) has warned that the income tax proposals announced by the finance secretary mean that taxpayers with income of more than £27,393 will pay more than those in other parts of the UK from this April. The CIOT's initial analysis of yesterday's tax proposal

The UK Government is considering calls to waive fines for late tax returns this year but has ruled out an official extension to the January 31 filing deadline. Campaigners have argued that a third national lockdown has "changed the playing field" and increased further pressure on freelancers and sma

The Chartered Institute of Taxation’s (CIOT) Low Incomes Tax Reform Group (LITRG) is warning that some of the lowest paid workers stand to benefit the least from the Scottish Government’s new £500 bonus payment to NHS and care workers if the payment is taxed. First Minister Nicola

The Edinburgh Tax Network, in conjunction with CIOT and Terra Firma Chambers, will present a talk entitled ‘Tax Issues on Importing and Exporting - post 1 January 2021’ on November 5 from 1pm to 2pm. The speaker, Matthew Paul Clark, LL.B, LL.M. (Liverpool), PwC Director and Head of UK Cu

The Low Incomes Tax Reform Group (LITRG) of the Chartered Institute of Taxation (CIOT) has backed a call to make the new self-isolation support payments free of income tax and said this should apply across the UK. It was reported at the weekend that the Scottish Government had written to the Treasur

The announcement that the UK Budget will be delayed until 2021 – with an expectation it will be in March – combined with the expected dissolution of the Scottish Parliament ahead of the elections in May next year, could leave MSPs with just a couple of weeks to agree on Scotland’s

Scotland's finance minister Kate Forbes is being urged to match England's stamp duty tax cut for house buyers.

The Edinburgh Tax Network, in conjunction with CIOT and Terra Firma Chambers, will present a webinar on family investment companies and their use in estate, succession and tax planning on 24th June 2020 at 1pm. The speakers will be Ronnie Brown and Claire Macpherson of Burness Paull LLP.

The Edinburgh Tax Network, in conjunction with CIOT and Terra Firma Chambers, will present a webinar on family investment companies and their use in estate, succession and tax planning on 24th June 2020 at 1pm. The speakers will be Ronnie Brown and Claire Macpherson of Burness Paull LLP.

The Scottish Government should consider widening access to a temporary scheme extending the time available to claim a refund of its property tax surcharge to include transactions that have taken place during the coronavirus lockdown, according to the Chartered Institute of Taxation (CIOT).

The COVID-19 pandemic has temporarily brought a halt to the Edinburgh Tax Network’s regular in-person lunchtime seminars. However, with the support of Terra Firma Chambers and the Chartered Institute of Taxation, the talks will continue and be presented using a virtual format. The first webina

Some house buyers could miss out on being able to claim a refund for a property tax charge if they have been unable to sell their old home because of the coronavirus pandemic, the Chartered Institute of Taxation (CIOT) has said. The second home charge, or Additional Dwelling Supplement (ADS), is a 4

The Chartered Institute of Taxation (CIOT) has welcomed the easing of a tax rule which should lead to the production of more hand sanitizers to deal with the outbreak of COVID-19.