Cryptoasset investors should keep up-to-date records to ensure they pay the right amount of tax, the Chartered Institute of Taxation (CIOT) and its Low Incomes Tax Reform Group (LITRG) have warned.

Thousands of UK employees could face an unexpected tax bill this year due to a little-known quirk in the tax system, the Low Incomes Tax Reform Group (LITRG) has warned.

The Chartered Institute of Taxation (CIOT) and its Low Incomes Tax Reform Group (LITRG) have welcomed today’s announcement¹ by HMRC that they will be putting planned helpline closures on hold while they consider how best to help taxpayers harness online services.

The Low Incomes Tax Reform Group (LITRG) has responded with disappointment to the announcement¹ that HMRC are to permanently close their self assessment helpline for six months of the year and reduce access to the line at other times of the year. 

The Low Incomes Tax Reform Group (LITRG) has said today’s Budget decision to increase the high income child benefit charge threshold to £60,000 from April 2024 will bring the scope of the charge closer to the original policy intent, but has cautioned that the plan for the tax charge to be based on ...

The Low Incomes Tax Reform Group (LITRG) has welcomed the publication of a report by the House of Commons’ Public Accounts Committee highlighting the ‘conscious choices’ being made by HMRC and HM Treasury that have resulted in the continuing deterioration of HMRC customer service levels.