LITRG cautiously welcomes the introduction of these new rules, as the option to use a simplified accounting basis may be helpful to landlords with the introduction of Making Tax Digital, provided it is not too complex to understand, detailed guidance is available to assist unrepresented landlords ...
The LITRG welcomes the opportunity to respond to this Work and Pensions Committee inquiry. We remain hugely concerned about the current structure of Universal Credit for the self-employed. If major changes are not made to the rules there is a serious risk that those who are already self-employed ...
The LITRG believe that this Schedule, which introduces the biggest change to the tax system since self-assessment in the 1990s, ought to be expanded to include matters such as the procedure governing the making and withdrawing of elections, appeals, administration, what kinds of electronic ...
We understand that the Government wants to encourage small businesses to use the cash basis as this may help with quarterly reporting under the proposed Making Tax Digital for Businesses. However, we remain concerned that until there is full alignment between the cash basis used for reporting tax ...
The LITRG broadly welcomes the new capital expenditure rules as we consider they will be helpful for low-earners who may struggle to understand the current tax rules when applying the cash basis to new capital purchases. We consider these new rules will add some simplification while not introducing ...
LITRG have responded to the Commons Select Committee call for evidence on UK tax policy and in particular on their question ‘How big is the threat to the base for income tax and National Insurance from the changing patterns of working (for example increased levels of multi-jobbing ...