In the next step along the ‘Making Tax Digital’ path, HMRC are considering what Making Tax Digital for Corporation Tax should look like in their consultation document published in November 2020...
Further to its inquiry into the Finance Bill 2021, the House of Lords Finance Bill Sub-Committee held a short follow-up inquiry into the loan charge to gather further evidence to assess progress on tackling issues with the loan charge, particularly since the publication of the review by Si...
In our 2021 Budget representation, we repeat our calls for the government to raise the £50,000 threshold for the high income child benefit charge (HICBC) to at least £60,000. We argue that the £50,000 threshold is no longer tenable once it is set to be overtaken by the higher-rate threshold from 6 A...
The LITRG comments on this Treasury Committee call for evidence in relation to the tax and related state benefits issues that might affect vulnerable or low-income taxpayers, in particular to the proposed definition of vulnerable customers. It is vital that frontline advisers are able to understand ...
LITRG has responded to the Office for Tax Simplification’s (OTS) second report on the Business Life Cycle, where we focus on the areas we consider affect small, unrepresented businesses which generally have low-profit margins. As part of our response we raise concerns that HMRC’s communications stra...
LITRG and the Chartered Institute of Taxation (CIOT) have jointly responded to HMRC’s technical note and draft legislation on ‘Clarifying the scope of the Welsh rates of Income Tax’ . Welsh rates of Income Tax (WRIT) will be partially devolved from April 2019 on non-savings income for taxpayers who ...