LITRG has raised concerns to the government over the impact of its proposals to restrict private residence relief for capital gains tax from April 2020. Among other changes, the government wishes to halve the final exemption period (again) from 18 months to 9 months, and restrict the availability of...
LITRG has responded to the FCA’s Review pointing out that it is essential for people to be provided with clear guidance, in a consistent format and at the right time. We therefore welcome the proposal by the FCA to mandate both the use of standard wording and the timing of information being provided...
The current 6 year delay in the roll out of universal credit (UC), along with numerous system changes and poor communication, has made the situation for claimants and their advisers very difficult. LITRG are seriously concerned about recent changes to the UC system that have been confirmed on the day they are going live, with little advance information for organisations who support claimants, maki...
Our response largely focuses on the part of the consultation looking at salary sacrifice, given the interactions that exist with a worker’s income tax and National Insurance contributions (NIC) position. Ideally, the NMW Regulations would be rethought to allow those on the minimum wage to participat...
The LITRG are aware that many ordinary people are the beneficiaries of trusts over their lifetime and recommend that the taxation of both trusts and estates in administration are simplified to help those on low incomes or who are otherwise vulnerable. ...
Our submission highlights that low-income taxpayers need to make amendments to tax returns for various reasons, but at the root of almost all cases is a failure to understand or be able to cope with the tax system, a problem often perpetuated over several years. Many low-income taxpayers are likely ...