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 ...
The LITRG welcomes the opportunity to follow-up to our participation in a Roundtable Discussion by responding to the Scottish Government’s discussion paper on income tax, which has helped open up debate on the use of Scotland’s income tax powers.
The LITRG was pleased to provide comments to the Work and Pensions committee inquiry into pensions freedom. Our comments relate solely to taxation and, in particular, issues that might affect those on low incomes.
In our Budget 2018 representation, we tell the Government that the type of scheme pension savers are in should not affect the tax relief they receive and put forward a practical and feasible solution as to how the net pay ‘problem’ can be overcome. It would require a clause in the Finance Bill ...
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 ...
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 ...