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While this measure introduces a fair and coherent solution to a legislative problem that has caused gross unfairness to some taxpayers, we have some serious concerns over the draft legislation itself and practicability of its application. We recommend the draft clause be amended to include the right of appeal, the period for application for a recalculation be extended to four years instead of two ...

LITRG welcome the introduction of new trading and property income allowances of up to £1,000, both of which can be claimed by individuals from 6 April 2017. We consider these allowances will be helpful for low-earners who may be discouraged from earning a small amount of additional income because of their tax obligations or who are in-between ‘hobby-trading’ and starting a new self-employed busine...

The LITRG welcomes the broad definition of ‘relevant pensions advice’ under the proposed regulations so that it might include ‘tax issues relating to pensions’ but are concerned that the qualifying £500 exemption sum is too limited and will not go very far in paying for expert advice. We strongly recommend the Government consider increasing the exemption to £1,000 in order to fully cover the cost ...