In April 2021, HMRC made one-off payments of £500 to 1.4 million working households on tax credits. This was part of the Government’s response to the coronavirus pandemic. An extension to the scheme has now been announced, which means a small number of tax credit claimants who did not qualify for th...
LITRG welcomes the opportunity to make a submission to the Scottish Government’s dialogue on a Minimum Income Guarantee (MIG). Our response focuses on some of the key considerations in relation to the tax and benefits systems and their interactions. We also examine some of the funding options availa...
HMRC have advised LITRG that they are reviewing the penalty position of taxpayers to whom they issued protective assessments in March 2021 relating to offshore tax liabilities. HMRC will discuss the position with the taxpayer first, before sending the taxpayer a penalty explanation letter. ...
LITRG fully supports HMRC’s efforts to take strong action against the promoters of tax avoidance schemes. From a tax perspective, none of the proposed measures seem particularly controversial to us and we have no further comments to make on the draft legislation, in terms of what is there. ...
LITRG are pleased to respond to HMRC’s recent basis period reform consultation. ...
From 30 November 2021, HMRC will stop making any payments into Post Office Card Accounts (POCa). This is because their contract with the Post Office is ending. Anyone who uses a Post Office Card Account for their payments from HMRC must provide different bank account details otherwise payments wi...