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 ...
LITRG endorses the Chartered Institute of Taxation’s response to this important call for evidence and has provided a supplementary response which focuses on some of the points relevant to unrepresented taxpayers.
The Low Incomes Tax Reform Group (LITRG) is urging people who missed the 31 July tax credits renewals deadline to contact HMRC urgently to restart their tax credit payments.