The institute is looking to work with the Inland Revenue to fix the problems that its members have encountered, saying that tax credit claimants who are unable to afford professional help will be hit particularly hard by the problems.
Top of the list of issues to resolve, said CIoT president Tim Ambrose, is the three-month rule that stipulates claimants have to keep the Revenue fully up-to-date with their personal circumstances, or risk losing entitlement or being penalised.
‘The three-month rule does not sit well with a system that is based on income for a full tax-year, leading many members to advise clients to make protective claims, resulting in additional work all round,’ said Ambrose.
Communication with agents was another area that CIoT members felt needed work. Claimants need to be sure that those handling their claims are fully up-to-date with their claim.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy