Press Release

Tax Institute welcomes ‘cost-effective and helpful’ tax refund for business

The Chartered Institute of Taxation has welcomed today’s announcement that the trading loss carry-back rule will be temporarily extended from one year to three years, giving affected businesses a billion pound corporation tax refund. CIOT President Peter Rayney said: “This is excellent news – and something CIOT has been suggesting over the past year. Allowing… Read more »

Support for newly self-employed – better late than never, but review your entitlement carefully warns CIOT

The Chartered Institute of Taxation has welcomed today’s announcement by the Chancellor that those who commenced self-employment in the 2019-20 tax year can benefit from the fourth and fifth Self-Employment Income Support Scheme grants, but alerts potential claimants to new rules and HMRC compliance activity in relation to claims. The Institute also regrets that the… Read more »