UUÂãÁÄÖ±²¥

Tax News

CIOT response: the Tax Administration Framework review: creating innovative change through new legislative pilots

Published on: 18 July 2023
Published by a

Specialist Tax Regulatory Materials

Article summary

The CIOT has responded to HMRC’s consultation on ‘The Tax Administration Framework Review: Creating innovative change through new legislative pilots’ which considers an option to test new policies or processes by making them available in a temporary online environment to a discrete group of taxpayers.

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Popular Articles

Settlor-interested trusts

Settlor-interested trustsWhat is a settlor-interested trust?A settlor-interested trust is one where the person who created the trust, the settlor, has kept for himself some or all of the benefits attaching to the property which he has given away. A straightforward example is where a settlor

14 Jul 2020 13:38 | Produced by Tolley Read more Read more

Temporary differences

Temporary differencesCalculation of temporary differencesThe temporary difference arising in respect of an asset or liability is calculated by comparing the carrying value of that asset or liability with its tax base.IAS 12 uses the concept of taxable or deductible temporary differences. Whether a

14 Jul 2020 13:49 | Produced by Tolley in association with Malcolm Greenbaum Read more Read more

Computation of corporation tax

Computation of corporation taxCompanies pay corporation tax on the taxable total profits (TTP) generated in a chargeable accounting period (CAP).To ascertain whether the entity is within the charge to corporation tax, see the Charge to corporation tax guidance note.For more information on the type

14 Jul 2020 11:16 | Produced by Tolley Read more Read more