The CIOT is the leading professional body in the United Kingdom concerned solely with taxation. The CIOT is an educational charity, promoting education and study of the administration and practice of taxation. One of our key aims is to work for a better, more efficient, tax system for all affected by it – taxpayers, their advisers and the authorities. The CIOT’s work covers all aspects of taxation, including direct and indirect taxes and duties. Through our Low Incomes Tax Reform Group (LITRG), the CIOT has a particular focus on improving the tax system, including tax credits and benefits, for the unrepresented taxpayer.
The CIOT draws on our members’ experience in private practice, commerce and industry, government and academia to improve tax administration and propose and explain how tax policy objectives can most effectively be achieved. We also link to, and draw on, similar leading professional tax bodies in other countries. The CIOT’s comments and recommendations on tax issues are made in line with our charitable objectives: we are politically neutral in our work.
The LITRG is an initiative of the Chartered Institute of Taxation (CIOT) to give a voice to the unrepresented. Since 1998 LITRG has been working to improve the policy and processes of the tax, tax credits and associated welfare systems for the benefit of those on low incomes.
The CIOT’s 17,600 members have the practising title of ‘Chartered Tax Adviser’ and the designatory letters ‘CTA’, to represent the leading tax qualification.
It is just a little over a week until most VAT registered businesses will be required to start complying with the requirements of Making Tax Digital and the ATT and CIOT caution businesses that HMRC’s promised ‘light touch’ on penalties does not extend to the late payment of tax.
The Chartered Institute of Taxation has welcomed the publication of a Scottish Government consultation aimed at improving devolved tax policy making.
The Chartered Institute of Taxation (CIOT) has welcomed the absence of new tax measures in today’s Spring Statement, in line with the government’s commitment to holding just one fiscal event a year.
"The Spring Statement has put beyond doubt that MTD for VAT will go ahead as planned from 1 April 2019. Anyone holding out for a last minute reprieve due, for example, to Brexit uncertainty, will need to focus on this urgently."
The Low Incomes Tax Reform Group (LITRG) is warning employers and affected employees that postgraduate loan repayments will start from next month (April). It is important that both parties understand whether there will be further deductions from payslips and, if so, that they are correct.