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Press release: Tax experts urge review of VAT food rules

The Chancellor announced at the Budget on 11 March 2020 that he intends to use ‘new freedoms’ when the Brexit transition period ends on 1 January 2021 to scrap the so called ‘tampon tax’ (the five per cent rate of VAT on women’s sanitary products).
Read more

ATT calls for clarification on homeworking expense exemption

Although it was by no means the most eye-catching announcement in yesterday’s Budget, the increase in the weekly tax-free homeworking allowance from £4 to £61 could have a modest part to play in temporary arrangements under which employees work at home as part of the measures to contai
Read more

Press release: Don’t forget about SMEs when it comes to R&D relief, says ATT

The Chancellor announced at the Budget that the rate of tax relief available under the Research and Development Expenditure Credit (RDEC) scheme will increase from 12 per cent to 13 per cent from 1 April 2020.
Read more

Press release: ATT calls for stability in newly focused Entrepreneurs’ Relief

Jeremy Coker, President of the ATT, said:
Read more

Press release: Care needed to avoid unintended tax consequences for non-residents

The objective of the two per cent charge, according to Budget documents published today,2 is to help control house price inflation and assist UK residents to get on the housing ladder. Money from the measure will be used to address rough sleeping.
Read more

Press release: Bigger burdens ahead for many trustees

Under current anti-money laundering regulations, the UK maintains a register of trusts which pay certain UK taxes.
Read more

Press release: HMRC must keep up off-payroll support

“We welcome today’s announcements of a softer approach from HMRC but this cannot mark the end of HMRC’s support to affected business people.
Read more

Press release: New chair appointed for tax profession’s disciplinary body

Susan Humble takes up her new role from 17 February. She succeeds Des Hudson, who has retired. Susan was previously Chief Executive Officer and The Clerk of the Solicitors Disciplinary Tribunal. Susan Humble said:
Read more

Press release: Survey results contradict government claims of realising benefits of digital tax reporting

The Government promotes MTD as part of its plans to ‘make it easier for individuals and businesses to get their tax right and keep on top of their affairs’, while also claiming MTD will reduce the tax gap by minimising avoidable errors. But the results of a detailed joint CIOT and ATT survey
Read more

Press release: ATT concerned at overnight tax hike for landlords

Until 5 April 2020, letting relief is available to individuals who have lived in a property at some point during their ownership, but then move out and let the property. The relief can cover up to a maximum of £40,000 of gains arising during let periods.
Read more

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