LITRG highlight the problem that some claimants seem to think that the Bereavement Support Payment (BSP) is reckonable as income for tax credits. If people are incorrectly declaring it as income, then this could be reducing their tax credits award unnecessarily, at a time when every penny counts. ...
In the consultation document it is confirmed that planned extension of the off-payroll working rules to the private sector from April 2020 will not apply to small businesses in the private sector that engage with off-payroll workers. In our response we welcome this, however go on to say that is not ...
LITRG has raised concerns to the government over the impact of its proposals to restrict private residence relief for capital gains tax from April 2020. Among other changes, the government wishes to halve the final exemption period (again) from 18 months to 9 months, and restrict the availability ...
The LITRG welcomes the opportunity to follow-up to our participation in a Roundtable Discussion by responding to the Scottish Government’s discussion paper on income tax, which has helped open up debate on the use of Scotland’s income tax powers.
The LITRG was pleased to provide comments to the Work and Pensions committee inquiry into pensions freedom. Our comments relate solely to taxation and, in particular, issues that might affect those on low incomes.
Following the release of a report from HM Treasury on time limits in the tax system, it is now virtually certain that the loan charge will come in, as planned, in a week’s time. If you are affected, and haven’t done so already, you need to urgently consider contacting HMRC about settlement.