2013 news

HM Revenue & Customs (HMRC) have launched a campaign in December 2013 to give individuals who rent out residential property a chance to bring their tax affairs up to date. The campaign will last for at least 18 months, but if you are eligible to use the campaign, you should take action now.

The LITRG has welcomed the fact that those moving into care will continue to be able to get relief from capital gains tax on the sale of their home for three years after moving out.

Tax campaigners have welcomed the news that the HMRC budget is to be protected from any further cuts this year. Ostensibly this is to enable it to focus more on countering evasion and avoidance. But equally, the urgent need to improve customer service should not be compromised by lack of investment.

The LITRG has welcomed HMRC’s continued commitment to reducing fraud and error in the tax credits system. However LITRG is concerned that HMRC continue to focus on measures that tackle fraud, when in fact the greatest loss to government comes from error. HMRC also continue to conflate fraud and error and fail to identify official error.