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Published on 19 October 2020
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The Low Incomes Tax Reform Group (LITRG) is concerned to learn of several issues, including some originating from HMRC, that meant people who were trying to agree loan charge settlements were unable to meet the recent deadline. It has led the tax campaign group to urge HMRC to use their powers to help people who tried to agree settlements but fell at the final hurdle.

Illustration of a press release on a computer
Published on 19 October 2020
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The Low Incomes Tax Reform Group (LITRG) of the Chartered Institute of Taxation has backed a call to make the new self-isolation support payments free of income tax and said this should apply across the UK.

Image of a calendar showing 9 December
Published on 15 October 2020
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As a consequence of the Morse review, taxpayers with pre 9 December 2010 loans will not have been affected by the recent 30 September 2020 loan charge deadline. This is because the review said that the loan charge should not apply to loans entered into before 9 December 2010. However, there may still be important action that needs to be taken.

Image of a miniature shopping trolley with a job retention scheme tag inside
Published on 14 October 2020
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Employers need to address any Job Retention Scheme (JRS) claims on a timely basis and should proceed carefully if they are thinking about trying to recover any amounts repayable to HMRC from employees. Employers in this position are advised to seek professional advice.

Image of a piggy bank and the words help to save
Published on 13 October 2020
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Help-to-Save is a government initiative to help those on lower incomes to save for the future. Regular saving is rewarded with bonuses. You can get a bonus of up to half of what you have saved – tax free! More than 47,200 people recently received their first bonus, getting an average of £375 each. Why not join them?

Image of a man writing pension... loading in a notebook
Published on 13 October 2020
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As the Government’s call for evidence on pensions tax relief administration1 closes this week, the Low Incomes Tax Reform Group (LITRG) urges swift action to end the injustice that an estimated 1.5 to 1.75 million2 people on low incomes (mostly women) are charged 25 per cent more for their pension contributi

Image of scattered coins and paper with coronavirus written on it
Published on 5 October 2020
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The coronavirus (COVID-19) pandemic has resulted in an unprecedented jobs and income situation. Your finances may have already come under some strain or you may be worried that they will do in the future.

self employed writing in a book in a colourful office
Published on 2 October 2020
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On 24 September, the government announced that the Self-Employment Income Support Scheme (SEISS) would be extended again. But there are important deadlines relating to the first and second grants this month – act fast if these affect you.

Published on 28 September 2020
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LITRG is urging those affected by the loan charge not to leave it until the last minute to try and arrange a payment plan. Any loan amounts subject to the loan charge must be reported by 30 September – in addition, the loan charge and any other tax due, must also be paid by that date (or a payment plan agreed).

Image of a calendar highlighting 31 July
Published on 24 September 2020
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If you have not yet paid (‘deferred’) your Self Assessment second payment on account for 2019/20, HMRC may automatically allocate payments made after 31 July 2020 against it. This means that if you wish to pay a penalty or other liability issued after that date, you may need to ask HMRC to allocate your payment against that other amount.

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