The Low Incomes Tax Reform Group (LITRG) is reminding taxpayers that they have only days to file their 2019/20 tax return online and avoid an automatic £100 late filing penalty. LITRG also advises that any tax owed for 2019/20 should be paid, or a payment plan set up, on or before 1 April 2021 to av...
LITRG welcomes today’s long-awaited publication of the Evaluation of HMRC’s implementation of powers, obligations and safeguards, which comes after a long period of constructive engagement with LITRG and other stakeholders. LITRG has provided HMRC with feedback on the use of several powers...
The Low Incomes Tax Reform Group (LITRG) is calling on HMRC to pause any further action against taxpayers yet to meet their loan charge obligations. LITRG said this will take account of people on low incomes who remain unaware that they were placed in loan arrangements. Such a pause will enable HMRC...
The Low Incomes Tax Reform Group (LITRG) is calling for the high income child benefit charge (HICBC) threshold to rise to avoid it hitting basic-rate taxpayers for the first time in April.1 LITRG says this is contrary to the original policy intent, and it is likely to cause the Gover...
The Low Incomes Tax Reform Group (LITRG) is urging people to complete their 2019/20 Self Assessment tax return online by the usual deadline of 31 January1 or risk a fine from HMRC. HMRC charge an automatic penalty of £100 for tax returns that miss the deadline, and the penalties increase ...