2012 news

Published on 14 March 2012
news

As some football clubs are finding out, owing money to the tax man can be a significant problem. For people on low incomes tax debt is something to avoid, but if it happens then it needs to be dealt with quickly and knowledgeably. Tax charities, led by Tax Aid, have produced a series of videos to help you do just that.

Published on 12 March 2012
news

Having long advocated that digital by default should not mean compulsion, we are pleased that HMRC’s response to the Digital by Default consultation recognises the need to take an inclusive approach and not a mandatory, statutory one. However, we believe this approach should be consistent across all taxes, including VAT.

Published on 9 March 2012
news

A misleading statement in an HMRC letter sent to over a million tax credits claimants may persuade people to leave the tax credits system. This could mean they miss out on future payments.

Published on 6 March 2012
news

The Low Incomes Tax Reform Group (LITRG) has welcomed the Office of Tax Simplification’s (OTS) interim report on pensioner taxation and looks forward to supporting the OTS’s ongoing quest for improvements

Published on 5 March 2012
news

The Government has consulted on a number of benefits issues over the last 18 months, claiming to be reviewing the welfare system and adjusting its design for the 21st Century. But do their plans really match their aims?

Published on 27 February 2012
news

Draft regulations set out how the Government intends to base the new system of calculating child maintenance on tax data obtained direct from HM Revenue and Customs. LITRG is concerned that there will be gaps in the data and that child poverty could increase as a result.

Published on 24 February 2012
news

LITRG has welcomed a recent HMRC consultation on modernising personal tax and the ideas it contains for creating a more transparent system. It is good to look forward and consider how technology can enhance individuals’ understanding of their taxes, so long as due consideration is given to those without access to technology who might be left behind.

Published on 17 February 2012
news

HM Revenue and Customs (HMRC) have announced the Electricians Tax Safe Plan (ETSP) to encourage those who work in the electrical industry and who have not disclosed their earnings to HMRC to come forward. HMRC will soon follow this up by sending 50,000 letters to electricians who may have income to declare urging them to get their tax affairs in order.

Published on 17 February 2012
news

February is the month when HMRC issue most £100 penalty notices for late filing of self-assessment tax returns. For 2010/11 tax returns, the £100 fixed penalty is charged if HMRC have not received your tax return on time, even if you have no tax to pay or if you have already paid all the tax you owe.

Published on 8 February 2012
news

The Coalition Government has a policy of raising the personal tax allowance for the under 65s by stages to £10,000 per annum. In 2012/13 the allowance will have reached £8,105. The Lib Dem part of the Coalition wants the allowance to be raised faster and the £10,000 figure reached sooner than just before the next election.