Latest updates

LITRG has responded to a Department for Work and Pensions consultation on changes to Personal Independence Payment (PIP). The LITRG submission focuses on our area of expertise, which is the interaction of PIP with tax credits and the tax system. We are particularly concerned that under some of the options people will not only lose PIP but also passported benefits and potentially carers allowance t...

LITRG has responded to the HMRC consultation document on draft legislation to introduce a new nil rate of tax for savings income within an individual’s savings allowance and to remove the requirement on deposit-takers and other institutions to deduct income tax from the interest they pay on certain savings and investments.  It will take effect from 6 April 2016. ...

LITRG has responded to the HMRC consultation document on draft legislation to introduce a new method of issuing assessments to taxpayers who do not have to complete tax returns. It will take effect from 6 April 2016. ...

LITRG has responded to the HMRC consultation document on draft legislation to introduce a new dividend allowance and dividend nil rate for the first £5,000 of an individual’s dividend income and to abolish the dividend tax credit. It will take effect from 6 April 2016. ...

LITRG has responded to the HMRC consultation document on draft legislation to introduce a statutory exemption from income tax for trivial benefits in kind provided by employers to employees. The legislation was originally intended to be included in Finance Bill 2015, but it was delayed to allow for further discussion. It will now take effect from 6 April 2016. ...