2011

Comments submitted in October 2011 by the Tax Faculty of ICAEW to HMRC in response to the OTS consultation on a simpler income tax for the smallest businesses; addresses the merits of a cash basis versus accruals, potential use of flat rate deductions, opposition to non-profit measures and indicator-based taxation, thresholds for eligibility including the VAT registration threshold, and consistency with good record keeping; includes responses to questions Q1 to Q11 and an appendix setting out the Tax Faculty's Ten Tenets for a Better Tax System. (AI generated description)

Representation from the Tax Faculty of ICAEW responding to HM Revenue and Customs' consultation on Business Records Checks, submitted on 11 March 2011; sets out concerns about the conception and conduct of BRCs, advocating support and education over penalties; questions evidence on the prevalence of poor record-keeping; discusses legal basis for visits under Sch 36 FA 2008; addresses definitions of adequate records and impact on SMEs; comments on penalty interaction and proposes warnings or suspension for first offences; includes responses to consultation questions and the Tax Faculty's ten tenets for a better tax system. (AI generated description)

Memorandum submitted in August 2011 by the Tax Faculty of ICAEW to HMRC in response to the consultation on changes to capital allowances for fixtures. Contents include: introduction; who we are; major points; general points on mandatory pooling; responses to specific questions on mandatory pooling; general comments on the record of agreement; responses to specific questions on the record of agreement; other suggestions for removing defects from the capital allowances rules for fixtures; appendix: the Tax Faculty's Ten Tenets for a Better Tax System. (AI generated description)

Comments submitted in August 2011 by the Tax Faculty of ICAEW to HMRC in response to the consultation on changes to capital allowances. Covers Enhanced Capital Allowances, writing down allowances and the Annual Investment Allowance for assets eligible for Feed-in Tariffs and the Renewable Heat Incentive; recommends barring ECAs where FIT or RHI apply, assigning assets to the special rate pool and considering exclusion from AIA; notes potential impacts in rural areas; includes responses to specific consultation questions and the Tax Faculty's Ten Tenets for a Better Tax System. (AI generated description)

Memorandum submitted in August 2011 by the Tax Faculty of ICAEW to HM Treasury in response to the consultation on controlled foreign companies reform issued on 30 June 2011 by HM Treasury and HM Revenue and Customs; discusses overall approach and timing; considers compatibility with EU law; provides detailed comments on defining control, low profits and excluded countries exemptions, temporary period exemptions, territorial business and sector-specific exemptions, intellectual property, and foreign branches; includes appendices on ICAEW and the Tax Faculty and the Ten Tenets for a Better Tax System. (AI generated description)

Comments submitted in August 2011 by the Tax Faculty of ICAEW to HM Revenue and Customs in response to the HMRC Technical Note of 14 June 2011; includes introduction; who we are; de minimis amount; further contact; appendices: ICAEW and the Tax Faculty: who we are; Ten Tenets for a Better Tax System. (AI generated description)

Memorandum submitted in August 2011 by the Tax Faculty of ICAEW in response to HM Treasury's consultation on the abolition of 36 tax reliefs issued in May 2011; sets out overall views on whether the reliefs should be abolished; provides detailed comments on specific reliefs including Mineral Royalties, late night taxis, assistance in identifying lost or stolen credit cards, Capital Allowances: Flat Conversion Allowances, and Land Remediation Relief; includes introduction, who we are, further contact details, and appendices on ICAEW and the Tax Faculty and the Ten Tenets for a Better Tax System. (AI generated description)

Representation by the Tax Faculty of ICAEW to HM Treasury responding to the June 2011 consultation on the Patent Box; includes introduction, who we are, general remarks, and detailed responses to 24 questions covering qualifying patents, qualifying income, calculation of patent box profits, computational issues, commencement arrangements, and tax impact assessment; appendices include information about ICAEW and the Tax Faculty and the Ten Tenets for a Better Tax System. (AI generated description)

Memorandum submitted in October 2011 by the Tax Faculty of ICAEW in response to HM Revenue and Customs (HMRC) consultation on the Civil Investigation of Fraud - Contractual Disclosure Facility; includes introduction; who we are; key points summary; responses to specific questions; other comments on the proposals; appendix with the Tax Faculty's ten tenets for a better tax system. (AI generated description)

Representation submitted on 22 February 2011 by the Tax Faculty of ICAEW to HM Revenue and Customs in response to the consultation Corporate Tax Reform: delivering a more competitive system (November 2010); covers the Corporation Tax Roadmap; CFC reform; Patent Box; research and development tax credits; includes the Tax Faculty's ten tenets for a better tax system. (AI generated description)

Memorandum submitted in October 2011 by the Tax Faculty of ICAEW to HM Revenue and Customs responding to the consultation on Digital by Default; sets out ICAEW's position on expanding digital channels for tax administration and opposes further mandation of online filing; highlights issues with iXBRL tagging and the Registration Wizard, broadband access and accessibility, agent workflows, data security, and retention of the minimum tagging list; includes responses on corporation tax, self assessment registration, PAYE and NICs, and an appendix setting out the Tax Faculty's Ten Tenets for a Better Tax System. (AI generated description)

ICAEW Tax Faculty comments submitted on 2 September 2011 in response to HMRC draft guidance on Finance Act 2011 disguised remuneration legislation (Part 7A). Addresses interaction with IR35; treatment of EFRBS; earmarking and starting to hold steps; scope of family and personal relationship exemptions; employer obligations under the remittance basis; series of arrangements and connection rules; scope of reward or recognition including interaction with ITEPA exemptions and expenses; and transfers between unapproved pension schemes. Includes appendix setting out the Tax Faculty's Ten Tenets for a Better Tax System. (AI generated description)

Memorandum submitted on 23 September 2011 by the ICAEW Tax Faculty in response to an HM Revenue and Customs invitation to comment on draft National Insurance Contributions regulations published on 25 August 2011. The submission argues against imposing Class 1 NIC on amounts taxed on the remittance basis, recommends refund mechanisms for non-avoidance earmarking cases and relief where charges arise from third-party actions, and suggests aligning NIC treatment with relevant ITEPA provisions; contents include: introduction; who we are; text of submission; appendix setting out the Tax Faculty's Ten Tenets for a Better Tax System. (AI generated description)

Memorandum submitted in October 2011 by the Tax Faculty of ICAEW to HMRC in response to the OTS discussion paper on disincorporation of small companies; includes introduction, who we are, major points, responses to specific questions, and an appendix setting out the Tax Faculty's Ten Tenets for a Better Tax System. (AI generated description)

Memorandum submitted on 9 February 2011 by the ICAEW Tax Faculty commenting on draft Finance Bill 2011 clauses and the Finance Bill Tax Information and Impact Notes; addressed to the Exchequer Secretary at HM Treasury and the Permanent Secretary for Tax at HM Revenue and Customs; includes executive summary, views on TIINs and detailed comments on: employer supported childcare changes; furnished holiday lettings; tainted charity donations; pensions annuitisation; disguised remuneration employment income through third parties; CFC interim improvements; taxation of foreign branches; CGT de-grouping charges; small profits rate associated companies; VAT in academies; VAT zero-rating and splitting of supplies; security for payment of PAYE; data gathering powers; and the Tax Faculty's Ten Tenets for a Better Tax System. (AI generated description)

Memorandum submitted on 9 February 2011 by ICAEW's Tax Faculty responding to draft Finance Bill 2011 provisions on disguised remuneration: employment income through third parties; raises concerns that the legislation is too widely drafted, creates uncertainty and compliance burdens, and could harm UK competitiveness; discusses scope of 'reward or recognition', when an employer is a third party, earmarking charges, share and pension plans, valuation of the 'step', dividends, employee consideration, and application of section 222 ITEPA; includes introduction, who we are, key points, comments on the draft provisions, and the Tax Faculty's ten tenets for a better tax system. (AI generated description)

Representation by ICAEW's Tax Faculty responding to draft Finance Bill 2011 proposals on employer supported childcare: changes to tax relief; submitted on 9 February 2011 to HMRC. It argues that restricting relief via PAYE estimates is impracticable and recommends processing excess benefit through forms P11D; requests reconsideration of the mechanism and clarifications on estimating income and compliance. Contents include: Introduction; Who we are; Key points; Comments on the draft provisions; The Tax Faculty's ten tenets for a better tax system. (AI generated description)

Memorandum submitted on 9 February 2011 by the Tax Faculty of ICAEW responding to proposed legislation on furnished holiday lettings in the draft Finance Bill 2011 published on 9 December 2010; addresses implementation date, increase in minimum letting days from 70 to 105, averaging tests and their administration, an opt-out election to avoid day counting, existing averaging rules under ITTOIA 2005, and challenges for new businesses; includes an appendix setting out the Tax Faculty's ten tenets for a better tax system. (AI generated description)

Memorandum submitted on 9 February 2011 by the Tax Faculty of ICAEW commenting on proposed legislation on pensions annuitisation published as part of the draft Finance Bill 2011 on 9 December 2010; includes introduction; who we are; key points; comments on the draft provisions (minimum income requirement; partnership and purchased life annuities; transfer and drawdown rules); and the Tax Faculty's ten tenets for a better tax system. (AI generated description)

Representation submitted on 9 February 2011 by the Tax Faculty of ICAEW commenting on draft Finance Bill 2011 provisions on VAT: splitting of supplies and VAT: academies; recommends narrowing the splitting rules so standard rating applies only where suppliers are connected and values are artificial and not at arm's length, highlights risks of overreach with practical examples, and notes a possible need for an Article 395 derogation; for academies, raises concerns about HMRC discretion over claim format and time limits and calls for parity with local authorities on recovery of input tax related to exempt income; includes introduction, who we are, key points, commentary, and Appendix: the Tax Faculty's ten tenets for a better tax system. (AI generated description)

ICAEW Tax Faculty response to the European Commission Green Paper on the future of VAT, submitted June 2011. The paper outlines key proposals including adopting the origin principle for intra-EU transactions, simplifying to two VAT systems (domestic and international), abolishing exemptions with alternative rating, enabling full input tax recovery for business and charitable activities, and reducing reporting burdens. It provides responses to 33 consultation questions, discusses neutrality and treatment of public authorities and holding companies, and includes the Tax Faculty's Ten Tenets for a Better Tax System as an appendix. (AI generated description)

Letter submitted on 19 April 2011 by the Tax Faculty of ICAEW in response to the European Commission consultation on financial sector taxation; reproduces the ICAEW letter endorsing FEE's comments; includes introduction; who we are; a letter from the Federation of European Accountants; and Appendix 1 setting out the Tax Faculty's ten tenets for a better tax system. (AI generated description)

Representation by the Tax Faculty of ICAEW responding to the European Commission Green Paper on policy options for progress towards a European contract law for consumers and businesses. Contents include: introduction; who we are; comments on scope and nature of a European instrument; Appendix 1: the Tax Faculty's Ten Tenets for a Better Tax System; Appendix 2: submission from the Society of Trust and Estate Practitioners. (AI generated description)

Comments submitted on 7 March 2011 by the Tax Faculty of ICAEW on proposals to enact extra statutory concessions; focuses on ESC C16 concerning dissolution of companies under s652 and s652A of the Companies Act 1985; outlines historical background, practical benefits of ESC C16, concerns about a proposed 4,000 cap in Condition B and its implications, and suggests alternative safeguards; includes an appendix setting out the Tax Faculty's ten tenets for a better tax system. (AI generated description)

Parliamentary briefing submitted at the Public Bill Committee stage in May 2011 by the Tax Faculty of ICAEW on Finance (No.3) Bill clause 47 and 48, schedules 12 and 13 concerning controlled foreign companies and profits of foreign permanent establishments; outlines comments and recommendations on temporary CFC easing measures, de minimis thresholds, clarity of new s 751AB and partial relief, intellectual property income limits, definition of substantial non-exempt activities, application of Fat Cap ratios, irrevocability and timing of branch exemption elections, and relief for terminal losses; includes introduction; comments and recommendations; further contact; appendices on ICAEW and the Tax Faculty and the Ten Tenets for a Better Tax System. (AI generated description)

Further Parliamentary briefing submitted at Public Bill Committee stage on 16 May 2011 by the ICAEW Tax Faculty concerning Finance Bill 2011 clause 26 and schedule 2 on employment income provided through third parties; outlines major concerns about scope, interaction with IR35, definition of third parties, deferred remuneration and share plans, pension plans, and reliefs; includes conclusions, contact details and the Tax Faculty's ten tenets for a better tax system. (AI generated description)

Parliamentary briefing submitted at Public Bill Committee stage in May 2011 by the ICAEW Tax Faculty setting out concerns with Finance Bill 2011 clause 35 and schedule 8 on reduction in childcare relief for higher earners; argues that the proposed basic-rate-only relief is misaligned with government objectives and burdensome for employers; discusses PAYE limitations, estimation of marginal tax rates, impacts on employer-employee relations and NICs; recommends deletion of the clause or processing via P11D, and seeks ministerial clarification on penalties and compliance; includes further contact details and appendices on ICAEW and the Tax Faculty and the Ten Tenets for a Better Tax System. (AI generated description)

Parliamentary briefing submitted on 19 May 2011 by the Tax Faculty of ICAEW on Finance Bill 2011 clause 52 and schedule 14 concerning furnished holiday lettings; outlines concerns about increasing the letting-days test from 70 to 105 and calls for review of economic impact and clarity on the boundary between trading and rental businesses; proposes an opt-out election for property businesses; includes background to the FHL regime and ICAEW's ten tenets for a better tax system; contents include: introduction; areas of concern; opt out election; background; ICAEW and the Tax Faculty: who we are; Ten Tenets for a Better Tax System. (AI generated description)

Parliamentary briefing submitted at Public Bill Committee stage in May 2011 by the ICAEW Tax Faculty on Finance Bill 2011 clause 65 and schedule 16 concerning benefits under pension schemes; raises two concerns: exclusion of partnership retirement annuities and other non-surrenderable annuities from the flexible drawdown minimum income requirement; and loss of transitional relief (120% to 100% of GAD rates) on transfer between pension providers; sets out recommendations; includes contact details and appendices on ICAEW and the Tax Faculty and the Tax Faculty's Ten Tenets for a Better Tax System. (AI generated description)

Parliamentary briefing submitted at Public Bill Committee stage in May 2011 by the ICAEW Tax Faculty on Finance Bill 2011 clause 66 and schedule 17 regarding the annual allowance charge; explains the interaction of pension input periods and pension input amounts with the annual allowance; highlights complexity and fairness issues arising from restrictions on PIP nominations; recommends deletion of new subsection (4A) in paragraph 16(3) of Schedule 17 and improved publicity; includes executive summary; technical explanation; comments; ICAEW recommendations; suggested amendment; further contact; appendices outlining ICAEW and the Tax Faculty and the Ten Tenets for a Better Tax System. (AI generated description)

Parliamentary briefing submitted at Public Bill Committee stage in May 2011 by the ICAEW Tax Faculty on Finance Bill 2011 clause 85 concerning security for payment of PAYE; outlines concerns about creating a criminal offence via secondary legislation, calls for safeguards in primary legislation, and proposes amendments; includes appendices with TAXREP 6/11 consultation response, information about ICAEW and the Tax Faculty, and the Ten Tenets for a Better Tax System. (AI generated description)

Written evidence submitted on 9 May 2011 by the Tax Faculty of ICAEW to the House of Lords Select Finance Bill Sub-Committee on the Finance (No 3) Bill 2011; covers the government's new approach to tax policy making and the Tax Consultation Framework; comments on HMRC efficiency and the policy timetable; analysis of corporation tax reform, R and D tax credits, Enterprise Investment Scheme, enterprise zones, entrepreneurs' relief and a statutory residence test; examines anti-avoidance measures including DOTAS and the disguised remuneration rules for third-party remuneration; includes the Tax Faculty's ten tenets for a better tax system. (AI generated description)

Comments submitted in September 2011 by the Tax Faculty of ICAEW in response to the joint consultation document Gifts of pre-eminent objects and works of art to the nation published in June 2011 by HM Treasury, HMRC and Department for Culture, Media and Sport; includes introduction, who we are, key point summary, major points, responses to specific questions; appendix with the Tax Faculty's Ten Tenets for a Better Tax System; comparison of proposals with the current position. (AI generated description)

Memorandum submitted in August 2011 by the Tax Faculty of ICAEW to HM Revenue and Customs in response to the consultation on high risk tax avoidance schemes issued on 31 May 2011; outlines general remarks and detailed answers on listing criteria, safeguards, consultation, reporting and penalties, integration with DOTAS and interaction with a potential GAAR, and the design of any additional charge; includes contact details and appendices on ICAEW and the Tax Faculty and the Tax Faculty's ten tenets for a better tax system. (AI generated description)

Memorandum submitted in September 2011 by the Tax Faculty of ICAEW to HMRC in response to the consultation on income tax losses issued in June 2011; includes introduction; who we are; major points; general points; responses to specific questions; and the Tax Faculty's Ten Tenets for a Better Tax System. (AI generated description)

Results of a member survey by the ICAEW Tax Faculty into HMRC's service standards conducted between June and July 2011; summarises member views on communication channels, Agent Dedicated Lines performance, telephone response quality and staff knowledge, postal response times, and VAT-specific issues; highlights preferences for email and online contact, concerns about delays and errors, and the need for better trained staff, nominated ownership of problems, and expanded email access; includes background to the survey series, an August 2011 priorities survey, and the Tax Faculty's Ten Tenets for a Better Tax System. (AI generated description)

Memorandum submitted in October 2011 by the Tax Faculty of ICAEW in response to HM Revenue and Customs' consultation Modernising Powers, Deterrents and Safeguards: Bringing HMRC's information powers into line with international standards for tax information exchange; contents include: introduction; who we are; comments on the consultation; The Tax Faculty's ten tenets for a better tax system. (AI generated description)

Memorandum submitted on 16 September 2011 by the ICAEW Tax Faculty in response to HMRC's consultation Establishing the future relationship between the tax agent community and HM Revenue and Customs (published 31 May 2011); discusses HMRC performance, enrolment, self serve and establishing an agent view, IT security and development, and the role of professional bodies and unaffiliated agents; includes key points summary, consultation with members, detailed comments on proposals, and responses to consultation questions and the taxes impact assessment. (AI generated description)

Memorandum submitted on 31 August 2011 by the Tax Faculty of ICAEW in response to HMRC consultation A New Incentive for Charitable Legacies published on 10 June 2011; sets out introduction, who we are, key point summary, major points, and responses to questions; recommends replacing the proposed reduced 36% IHT rate with a non-refundable tax credit equal to 3.6% of the gross chargeable estate subject to a 10% threshold; discusses application to estate components, instruments of variation, nature of legacies, and administrative issues; includes appendices outlining the Ten Tenets for a Better Tax System and a comparison between tax reduction and tax credit with tables and graphs. (AI generated description)

Memorandum submitted on 31 August 2011 by the Tax Faculty of ICAEW in response to an HM Revenue and Customs consultation issued on 24 May 2011. Discusses the need to replace outdated definitions in s 118 and revise s 72 of the Taxes Management Act 1970; recommends separating minors from mentally incapacitated persons; aligning definitions with the Mental Capacity Act 2005; requiring confirmation when taking responsibility for another person's tax affairs; and improving guidance and reasonable excuse treatment, including provision for temporary or intermittent incapacity. Contents include: introduction; who we are; key points summary; responses to specific questions; the Tax Faculty's ten tenets for a better tax system. (AI generated description)

ICAEW Tax Faculty comments submitted on 21 December 2011 in response to an HM Revenue and Customs consultation on the Social Security (Categorisation of Earners) Regulations 1978 as they apply to lecturers, teachers, instructors and similar roles; supports repeal as a simplification and suggests similar repeal for entertainers; includes introduction, who we are, key point summary, responses to specific questions, and an appendix setting out the Tax Faculty's Ten Tenets for a Better Tax System. (AI generated description)

Memorandum submitted in January 2011 by the Tax Faculty of ICAEW to the Office of Tax Simplification (OTS) responding to the OTS interim report on the review of tax reliefs published in December 2010; includes introduction, information about ICAEW and the Tax Faculty, discussion of evaluation criteria, detailed comments on specific reliefs, the Tax Faculty's ten tenets for a better tax system, and notes on the need for wider ranging reviews. (AI generated description)

Representation submitted on 1 March 2011 by the Tax Faculty of ICAEW in response to HM Revenue and Customs consultation 'Improving the operation of Pay As You Earn (PAYE): Collecting Real Time Information' published on 3 December 2010; sets out main points and answers to specific questions on RTI design, timetable, testing, and employer impact; highlights concerns about NPS accuracy, dependence on BACS, treatment of non-BACS and small employers, NINO matching, data processing capacity, penalty regime, and integration with universal credit; includes recommendations on phasing, stakeholder engagement, and year-end processes; appendix sets out the Tax Faculty's Ten Tenets for a Better Tax System. (AI generated description)

Representation submitted on 1 July 2011 by the ICAEW Tax Faculty in response to HM Treasury's consultation 'Rebalancing the Northern Ireland economy'; addresses issues including whether a 12.5% corporation tax rate would attract inward investment into NI; implications for UK corporation tax policy; tax simplification; EU and state aid compliance under the Azores case; operating two corporation tax systems; administration of a lower NI rate; need for detailed cost-benefit analysis and modelling; risks of tax-motivated incorporation; effects on HMRC resources; and alternative mechanisms such as R&D tax credits, annual investment allowance, training credits and NIC holidays; includes responses to consultation questions and an appendix on the Tax Faculty's ten tenets for a better tax system. (AI generated description)

Comments submitted in September 2011 by the ICAEW Tax Faculty in response to a joint HM Treasury and HMRC consultation on reforming the taxation of non-domiciled individuals; covers key points on the remittance basis charge, incentives to encourage business investment, and simplification of remittance rules; includes responses to specific consultation questions and the Tax Faculty's Ten Tenets for a Better Tax System. (AI generated description)

Memorandum submitted by the Tax Faculty of ICAEW to the HMRC Business International Tax Treaty Team as part of the Annual Review of Treaties 2011-12; outlines priorities for updating the UK's network of DTAs and DCAs; comments on arbitration in mutual agreement procedures, subject-to-tax provisions, and treatment of specialised legal entities; provides country-specific observations on Brazil, China, Iceland, India, Panama, Paraguay, Singapore, Spain and the United States; includes the Tax Faculty's Ten Tenets for a better tax system. (AI generated description)

Representation submitted on 9 February 2011 by the Tax Faculty of ICAEW to HM Treasury in response to an HMRC consultation on introducing security for PAYE and National Insurance contributions; sets out introduction, who we are, main points and detailed replies to specific questions; discusses proportionality, safeguards, timing, administration, legal context and existing powers; includes Appendix: the Tax Faculty's Ten Tenets for a Better Tax System. (AI generated description)

A representation by the ICAEW Tax Faculty responding to the joint HM Treasury and HM Revenue and Customs consultation 'Statutory definition of tax residence' (June 2011). Sets out key concerns and recommendations on the proposed statutory residence test and ordinary residence rules, including day limits, treatment of dual residence, definition of 'home' versus 'accessible accommodation', connection factors and potential double counting, full-time work abroad and working day definitions, family definitions, and disregarding days in the UK due to exceptional circumstances; includes introduction, who we are, key point summary, major points, responses to specific questions, and the Tax Faculty's Ten Tenets for a Better Tax System. (AI generated description)

Comments submitted on 16 September 2011 by the ICAEW Tax Faculty in response to HM Revenue and Customs modernising powers, deterrents and safeguards discussion document Working with Tax Agents: Dishonest Conduct published on 14 July 2011; contents include: introduction; who we are; key point summary; major points; specific points not covered in questions; responses to questions; appendix: the Tax Faculty's Ten Tenets for a Better Tax System. (AI generated description)

Memorandum submitted on 23 February 2011 by the Tax Faculty of ICAEW to HM Revenue and Customs in response to the consultation Corporate Policy Making: Protocol on Announcements outside scheduled Fiscal Events (published 9 December 2010); outlines background to the Rees doctrine, EU legal certainty and legitimate expectations; welcomes codification and oversight by the Forum of Tax Professionals; discusses defining significant risk, need for technical notes with announcements, and transparency of Forum minutes; includes the Tax Faculty's ten tenets for a better tax system. (AI generated description)

Memorandum submitted in September 2011 by the Tax Faculty of ICAEW to HM Treasury in response to a consultation on tax-advantaged venture capital schemes issued in July 2011; contents include: introduction; who we are; major points; general points; responses to specific questions; appendix: Ten Tenets for a Better Tax System. (AI generated description)

Tax Faculty representation responding to HM Treasury and HM Revenue and Customs call for evidence on integrating the operation of income tax and national insurance contributions. Proposes quick wins including aligning NIC thresholds with the income tax personal allowance; aligning charging and reporting so only payroll cash is subject to Class 1 NIC and benefits and expenses are subject to Class 1A NIC; and aligning NIC residence rules with tax. Discusses longer-term options such as cumulation and aggregation of employments for NIC, removing reduced or non-standard rates, making Class 1 NIC employee-only, and reconsidering contributory credits. Appendices include the Tax Faculty's Ten Tenets for a Better Tax System; a letter on proposed tax/NIC alignment dated 2 October 2008; and a letter on obstacles to compliance dated 2 December 2008. (AI generated description)

A memorandum by the ICAEW Tax Faculty submitted to the UK Treasury Select Committee on the European Commission's draft CCCTB Directive; outlines background, objectives and proposed rules; discusses potential advantages such as cross-border loss relief and reduced transfer pricing, and concerns over administration and apportionment; summarizes UK government views and Commission work programme; reviews estimated savings, compliance costs, and impacts on the tax base; includes appendices with ICAEW and Tax Faculty information, Ten Tenets for a Better Tax System, a TAXline article, and a hypothetical CCCTB example. (AI generated description)

Representation submitted on 9 March 2011 by the Tax Faculty of ICAEW in response to HM Revenue and Customs discussion document Modernising Powers, Deterrents and Safeguards: The simplification of regulatory penalties (published 31 January 2011); outlines principles and recommendations on simplification and rationalisation of regulatory penalties, consultation timing, evidence base, appeals and reasonable excuse provisions, possible use of suspended penalties and special reductions, and the need for consolidation into a new Taxes Management Act; contents include: introduction; who we are; executive summary; general comments; comments on the specific questions; the Tax Faculty's ten tenets for a better tax system. (AI generated description)

Representation submitted in October 2011 by the Tax Faculty of ICAEW to HM Revenue and Customs in response to the consultation Modernising Powers, Deterrents and Safeguards: the simplification of regulatory penalties; includes introduction; who we are; general comments; responses to specific questions; the Tax Faculty's ten tenets for a better tax system. (AI generated description)

Memorandum submitted on 14 January 2011 by the Tax Faculty of ICAEW to the Treasury Committee inquiry into the fundamental principles of tax policy; addresses five questions on tax policy principles, supporting growth, use of the tax system for other policy goals, and the ease and efficiency of collection, as well as distortions in the current system; includes the ICAEW Tax Faculty's ten tenets for a better tax system and recommended processes for creating and maintaining a better tax system; appendices set out the ten tenets and the processes. (AI generated description)

Memorandum submitted in September 2011 by the Tax Faculty of ICAEW in response to the HM Revenue and Customs consultation document VAT: Cost Sharing Exemption published on 28 June 2011; outlines support for introducing the exemption while raising concerns about restrictive interpretation and practical issues for independent groups of persons and cost sharing groups; contents include: introduction; who we are; key point summary/major points; responses to specific questions; the Tax Faculty's ten tenets for a better tax system. (AI generated description)