CIOT issues recommendation on tax advice

The Chartered Institute of Taxation (CIOT) has issued a recommendation for those looking to obtain advice on tax.

John Whiting, chairman of the management of taxes sub-committee at the CIOT, has urged those seeking advice on taxation to ensure they always make use of a qualified advisor.

"If you want tax advice, you should always go to a properly qualified tax adviser. Not all lawyers and accountants know enough about tax to be tax advisers," said Mr Whiting.

Mr Whiting also noted that those individuals who are self-employed may only require an advisor who is generally competent and is able to complete a tax return.

However, Mr Whiting stressed that being self-employed is "not easy", given the ease with which mistakes that can be made.

In related news, a number of tax-related changes have entered into force this month, including those relating to capital gains tax, corporation tax, national insurance contributions and income tax.