The Low Incomes Tax Reform Group (LITRG) has written to the Financial Secretary to the Treasury (FST) suggesting improvements to the government's proposals to make ‘top-up payments’ to low-income pension savers who currently miss out on government retirement savings incentives....
On 20 July 2022, the government set out proposals to relax the capital gains tax rules when married couples and civil partners separate or divorce (or dissolve a civil partnership). We explain the proposed changes and what they could mean for married couples or civil partners who have recently separ...
When someone dies, if you are left in charge of sorting out their affairs, you will need to gather some information together. For instance, you need to know what their income and assets were and find out about any debts they owed. It can be hard to know where to start, so this article aims to help g...
For some time, LITRG have been raising concerns about certain tax refund companies with HMRC, around deeds or letters of assignment. Earlier this year we were contacted by several taxpayers who claimed refunds through one company – Tax Credits Limited (TCL). These taxpayers seemed unaware that a dee...
Following pressure from the Low Incomes Tax Reform Group (LITRG) to investigate the end-to end process used by Tax Credits Ltd, a tax refund company, to sign people up to its services, HMRC have announced they will now take steps to resolve the situation for affected taxpayers. LITRG welcome this an...
The Low Incomes Tax Reform Group (LITRG) is calling on the Government to review the high income child benefit charge as part of its planned review of how families are taxed....