A long-awaited pension contribution top-up for low earners may not reach most of those entitled to it, campaigners fear. The Low Incomes Tax Reform Group (LITRG) is writing to MPs1 ahead of a parliamentary debate on the measure to encourage them to strengthen the legislation and press the...
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 figu...
Leading tax and accountancy professional bodies have come together to propose a series of actions ministers and officials should take if they are serious about delivering a simpler tax system....
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 i...