This draft Finance Bill clause and schedule proposes restricting the availability of zero-rating for the purchase of an adapted motor vehicle for eligible disabled users to one every three years. While the LITRG understand that this is designed to counter abuse of the current law, we believe that ...
LITRG welcomes the fact that employees, already in a vulnerable position due to losing their job, will continue not to have an NIC liability on their termination payment. We continue to have a concern that employers may reduce termination packages to compensate for the additional cost of paying ...
LITRG has submitted comments to HMRC on draft clauses 7, 8 and 9 of Finance Bill 2017 in relation to termination payments and deductions for employee liabilities.
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 ...
The LITRG welcomes the opportunity to respond to some of the questions in this Financial Conduct Authority consultation on handbook changes to reflect the introduction of the Lifetime ISA. Our main concerns centre around the tax differences between saving in ISAs and saving in pensions, presenting ...
LITRG are concerned that the provisions in clause 91 are drawn far too widely and that they may unintentionally catch unrepresented taxpayers, who have not engaged in the type of tax avoidance that HMRC intend to target. We are strongly opposed to and do not agree with the proposal to reverse ...