A forum for HMRC and representatives of tax advisers and the accountancy profession, law societies, HM Treasury and others to discuss Capital Gains Tax, Inheritance Tax and trusts.
|Institute of Chartered Accountants of England & Wales|
|Institute of Chartered Accountants of Scotland|
|Association of Accounting Technicians|
|British Private Equity & Venture Capital Association|
|Society of Trust and Estate Practitioners|
|Chartered Institute of Taxation|
|Law Society of Scotland|
|Association of Chartered Certified Accountants|
|Association of Taxation Technicians|
|The Association of Corporate Trustees|
|Country Land and Business Association|
|Confederation of British Industry|
Terms of reference
To provide a forum in which HMRC and representatives of tax advisers and the accountancy profession, law societies, HM Treasury, and others can discuss, explain and explore how Capital Gains Tax (not including the taxation of chargeable gains of companies), Inheritance Tax and the taxation of trusts work and how they might work better.
The group can, where appropriate, provide a forum for consultation on draft guidance and also provide members with an opportunity to outline any areas where they currently feel there are ambiguities within published guidance.
The group meets approximately every 6 months.
How the review group will operate
The meeting will be chaired by HMRC. Minutes will be drafted by HMRC and agreed by those attending the meeting before being circulated to the group as a whole.
Items discussed at the meeting and opinions expressed will be open unless specified. However, comments will not be attributed to individual members of the group and the minutes will be anonymous. Members will be free to circulate the minutes of the meeting to colleagues within the body they represent.
Agenda items will be compiled by the secretary of the group from suggestions by both internal HMRC and external representatives. Agenda items and papers should normally be submitted 2 weeks in advance of the meeting.
The next meeting will normally be scheduled under AOB. But members of the group may request an earlier meeting if they think it necessary.
All members will be invited to each meeting unless a specific sub-group is set up with the agreement of the meeting. It is open to members to decide whether to attend on the basis of the agenda. Any subgroups set up will report to the meeting as a whole. Requests to join the group may be made at any time, and substitutions for or additions to regular delegates from member representative bodies will be welcomed.
To help ensure a diverse range of views are represented by the group, membership will be drawn from a variety of representative and professional bodies. The membership of the group will be kept under review by the secretariat to ensure it continues to meet the objectives of the group. Membership requests will be considered by the chair case by case.