LITRG has submitted comments to HMRC and HMT on draft legislation to simplify the income tax and National Insurance (NIC) treatment of termination payments. This follows an initial consultation in 2015, to which LITRG also responded. We thought that the proposals in the original 2015 consultation we...
The Finance Committee of the Scottish Parliament issued a call for evidence at the end of June 2016 to assist their inquiry on a Scottish approach to taxation. This follows the devolution of taxation powers via the Scotland Act 2012 and 2016, which means a greater focus on revenue-raising. As a resu...
The Chartered Institute of Taxation and the LITRG have jointly responded to the local Government and Communities Committee call for evidence on the Council Tax (Substitution of Proportion) (Scotland) Order 2016. We note that the proposals to reform Council Tax aim to make the system ‘fairer’, but th...
The LITRG welcomes the opportunity to comment on the Financial Conduct Authority's proposals to strengthen the standards for Pension Wise advisers in the face of the inclusion of secondary annuity markets within their role, however we believe the proposed standards set an unachievable target for those currently recruited to deliver pensions guidance under Pension Wise face-to-face. In order to adh...
Several district Councils in Devon recently consulted on changes to their Council Tax Reduction Schemes. One of the proposed changes is to introduce a Minimum Income Floor (MIF) for the self-employed in order to align with universal credit. This means that self-employed people will be expected to ea...
LITRG welcomes the opportunity to respond to the Department of Health's consultation on unpaid carers. The consultation document explains that the government thinks a new strategy is needed for carers – one which reflects their lives now, the health and financial concerns they have, and gives them t...