The Low Incomes Tax Reform Group (LITRG) is concerned that today’s drastic reduction in the annual amount of capital gains which would be free from capital gains tax (CGT) may go unnoticed by some unrepresented taxpayers, which could lead to higher rates of non-compliance.1 With HMRC ...
The Chartered Institute of Taxation’s Low Incomes Tax Reform Group (LITRG) has today published a new report to help HMRC improve the way it provides guidance to taxpayers.
We are pleased to publish our latest report, looking at the importance of effective guidance for unrepresented taxpayers.
The Scottish Parliament has approved the rates and thresholds for Scottish income tax that will apply to the non-savings and non-dividend income of Scottish taxpayers during the tax year 2023/24.
For some people affected by the loan charge, the law says that a further tax charge is due as well as the loan charge itself. HMRC have recently explained that in certain circumstances they won’t seek to collect this further tax charge. However, you may still receive correspondence from HMRC about ...
HMRC issue some tax refunds automatically. However, in other cases, you need to actively claim tax refunds. For example, those for the marriage allowance, those for job-related expenses that you paid for yourself, and those where too much tax was withheld at source on payment protection insurance ...