LITRG has responded to the HMRC consultation document on the implementation of the Personal Savings Allowance (PSA), which will be introduced and take effect from 6 April 2016. ...
The LITRG welcome the opportunity to give evidence to the inquiry into the guidance and advice on offer to people navigating the new pensions system. We urge HMRC to ensure that their staff are fully aware of the tax issues surrounding the new flexibility and suggest they should consider establishing a specialist team to deal with people’s enquiries and take the necessary action promptly. ...
LITRG has responded to an HMRC consultation document on draft legislation in respect of their review of employee benefits and expenses. These draft regulations continue the work to implement the proposals originally put forward in 2014, which themselves followed a review by the Office of Tax Simplification (OTS). ...
We are pleased that the Tax Collection and Management (Wales) Bill contains provision for the introduction of a Taxpayers’ Charter. The Bill signifies that the Charter should clearly state the standards of behaviour and values that the Welsh Revenue Authority will use when interacting with Welsh taxpayers. The WRA must ensure that the Charter is publicised upon the devolution of Land Transaction T...
LITRG has submitted a response to the call for evidence published by the Finance Committee of the Scottish Parliament. The call for evidence was published with the intention of assisting the Committee’s scrutiny of the Draft Budget 2016/17, which will be published in the late autumn of 2015. In particular, the Committee was seeking views on the Scottish Government’s proposals in relation to the Sc...
LITRG and CIOT have submitted a response to the paper published by the Public Audit Committee of the Scottish Parliament in response to the UK Government’s Scotland Bill 2015. The response emphasises the importance of ensuring independent and impartial data validation. While data reporting and audit work should be proportionate to key factors, the response stresses that audit and accountability ar...