Published on 8 February 2024
Public Accounts Committee inquiry: HMRC standard report 2022-23
LITRG submitted a response to the Public Accounts Committee inquiry into HMRC’s 2022-23 Standard Report....
Latest News
Published on 1 February 2024
Tax on state pensions: looking back and ahead
State pensions are increasing in April 2024, but the point at which most people start to pay tax is staying the same. Here we look ahead some of the problems this might cause. We also give our ideas on how the government could make things easier for state pensioners – some of which we originally sug...
Published on 24 January 2024
Care Leaver Payment - Scotland
LITRG submitted a response to the Scottish Government consultation on the development and delivery of the Care Leaver Payment....
Published on 19 January 2024
HMRC consultation on proposed amendments to Making Tax Digital Regulations
HMRC published draft amended Regulations relating to Making Tax Digital for Income Tax legislation for consultation last month. The draft amendments were to mainly take account of the outcome of HMRC’s Small Business Review that it had undertaken in 2023. LITRG recently responded to the consultation...
Published on 17 January 2024
Time running out before 31 January self assessment deadline
The deadline for sending most online 2022/23 self assessment tax returns to HMRC, and for paying the related tax, is 31 January 2024. If this deadline applies to you, make sure you file your 2022/23 tax return online and pay any tax you owe by 31 January 2024 to avoid penalties and interest....
Published on 16 January 2024
Finance bill briefing: Clause 16 and Schedule 10: Provision relating to the cash basis
Clause 16 and Schedule 10 change the current rules for reporting information on self assessment tax returns for most unincorporated businesses. The aim is to allow more sole traders and partnerships to be eligible to use the cash basis rather than the accruals basis (also known as traditional a...