ICAEW writes to the Financial Secretary on priorities for Budget 2020. These must: ensure the UK remains an internationally attractive location for business to locate and invest. The Government should prioritise work in five areas: align the UK tax system with its policy objectives, take time to get legislative change right first time, review the costs and benefits of Making Tax Digital, properly resource HMRC, and seize the opportunity presented by the UK leaving the European Union to reform VAT.
MTD - representations
Representations from ICAEW's Tax Faculty on the Making Tax Digital (MTD) programme in the UK.
ICAEW responds to the business lifecycle review call for evidence published by the Office of Tax Simplification in October 2018.
ICAEW's Tax Faculty has responded to HM Treasury's invitation for comments ahead of the 2018 Budget. The response concludes that there should be no new policy initiatives on tax at this time. Attention should instead be given to enabling taxpayers easily to fulfil their obligations and to understand their entitlements. Coping with HMRC’s digital systems has been made more difficult by the number of policy changes.
ICAEW's Tax Faculty responds to the consultation: Cash and digital payments in the new economy: call for evidence published by HM Treasury on 13 March 2018.
ICAEW's Tax Faculty responds to the VAT registration threshold call for evidence published by HM Treasury on 13 March 2018.
MTD – Draft value added tax (amendment) regulations & notice 2018
Making tax digital for VAT - legislation overview
Making Tax Digital for income tax: Secondary and tertiary legislation.
Tax Policy: Autumn budget, making tax digital, finance bill and longer term recommendations for a better tax system
Budget Autumn 2017 - to submit representations as part of the policy-making process