Under the Tipping Act, the government must introduce a new code of practice to help ensure that employers are distributing tips fairly and transparently. The government is inviting feedback to ensure this code is as helpful as possible.
LITRG submitted a response to the Public Accounts Committee inquiry into HMRC’s 2022-23 Standard Report.
LITRG submitted a response to the Scottish Government consultation on the development and delivery of the Care Leaver Payment.
HMRC published draft amended Regulations relating to Making Tax Digital for Income Tax legislation for consultation last month. The draft amendments were to mainly take account of the outcome of HMRC’s Small Business Review that it had undertaken in 2023. LITRG recently responded to the ...
Clause 36 is a regulation-making power which allows for the new penalty regime on late filing and late payment to be brought into effect for income tax from 6 April 2024, with adaptations for those volunteering for the Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) pilot.
Clause 16 and Schedule 10 change the current rules for reporting information on self assessment tax returns for most unincorporated businesses. The aim is to allow more sole traders and partnerships to be eligible to use the cash basis rather than the accruals basis (also known as traditional ...