The Chartered Institute of Taxation (CIOT) is a registered charity (number 1037771) and is the leading professional body in the United Kingdom concerned solely with taxation. The CIOT deals with all aspects of direct and indirect taxation. Its primary purpose is to promote education in and the study of the administration and practice of taxation. One of its key aims is to achieve a better, more efficient, tax system for all affected by it - taxpayers, advisers and the authorities. The CIOT's comments and recommendations on tax issues are made solely in order to achieve its aims: it is entirely apolitical in its work. The 14,000 members of the CIOT have the practising title of 'Chartered Tax Adviser'.
The Institute was established in 1930 and received its Royal Charter in 1994. It enjoys a high international standing in taxation affairs and is a UK member body on the Confédération Fiscale Européenne (CFE), the umbrella body for 150,000 tax advisers in Europe.
As part of its charitable activities, the CIOT also sponsors the Low Incomes Tax Reform Group which works to improve and simplify the tax system so as to make it more responsive to the needs of those who cannot afford to pay for tax advice.
For more information, please visit our website www.tax.org.uk, or check out our blog for the latest news www.tax.org
The Low Incomes Tax Reform Group have issued a comprehensive guide to enable taxpayers who receive letters from HMRC informing them they have underpaid or overpaid tax in the 2012-13 tax year to check their calculations and take action, where appropriate.
Anthony Thomas, Chairman of the Low Incomes Tax Reform Group, speaks ahead of the publication of the Public Accounts Committee report on ‘HM Revenue & Customs: tax credits error and fraud’ (to be published Wed 22 May).
The incoming President of the Chartered Institute of Taxation (CIOT) will today call for “a more serious, grown-up approach from Government to complying with EU tax law”, accusing the UK authorities of taking a “slapdash approach to complying with rules that we help set.”
The Chartered Institute of Taxation (CIOT) is pleased to see that the relaxation1 for smaller employers has assisted many in the move to the new PAYE Real Time Information (RTI) system, resulting in over 1 million reporting in the first month of using the system.2
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Payroll Giving could be boosted by allowing employers relief for employer National Insurance Contributions (NIC), which they could give to charity to increase the amount donated, says the Chartered Institute of Taxation (CIOT).