The LITRG welcomes the opportunity to provide supplementary evidence to update the Finance Bill Sub-Committee regarding HMRC's 'Making Tax Digital for Business' programme, and in particular its potential effect on low income taxpayers, which in this context will primarily be self-employed ...
The LITRG submitted two papers as part of the Making Tax Digital reforms affecting businesses consultation – one regarding the Income Tax (Digital Requirements) Regulations and the other on Making Tax Digital for VAT: legislation overview.
In this report, we summarise the main shortcomings of the current universal credit system in respect of the self-employed and propose what we believe to be a workable alternative. Our report does not seek to start from the beginning, instead we set out our own diagnosis of what is wrong with the ...
Attached are the submissions produced by LITRG on the current Finance Bill. The documents cover: Money Purchase Annual Allowance (clause 7); Trading and property allowances (clause 17); Making Tax Digital (clauses 60-62); Partial closure notices (clause 63); and Errors in taxpayer documents (clause ...
The LITRG urge caution in the selling of Help to Save as a scheme only targeted at people on the lowest incomes as many people higher up the income scale who have proportionately higher outgoings also fall within Help to Save eligibility based upon the draft regulations. We also query whether it is ...
The LITRG welcomes the opportunity to respond to this consultation on the barriers to returning to work after time out for caring. In our response we have concentrated on the barriers faced by carers of older or disabled people who try and juggle their caring duties alongside a return to work.