This Government consultation sought to expand upon its idea to introduce, by April 2018, a ‘Help to Save’ scheme for eligible claimants of working tax credit or universal credit. The scheme will allow those eligible to save up to £50 a month and receive a 50% Government bonus on top of the amount ...
The LITRG’s response (endorsed by Tax Help for Older People) to the consultation on partial surrenders of life policies highlights the need for both simplicity and fairness in calculating the amount of gain to be brought into charge, with insurers making sure to inform policyholders of the new tax ...
Commenting on the Office of Tax Simplification’s (OTS) plans for its future strategy, LITRG sees that Office’s role as facilitating better public understanding of tax and more informed public debate. We also urge the early involvement of the OTS in policy making within HMRC and the Treasury.
LITRG have responded to the Department for Business, Innovation and Skills (BIS) proposals for further action on tips, gratuities, cover and service charges.
Finding reliable, high quality, affordable childcare is a major concern for working families and while LITRG supports extending free childcare to 30 hours, and also the Government's support for childcare through the tax-free childcare (TFC) scheme, we believe it is crucial that people are given ...
Welcoming the Government’s proposals for the tax framework for the secondary annuities market which is intended to come into force next April, LITRG noted that this should put everyone, both pre- and post pensions freedoms introduced last year, on an equal footing.