HMRC have announced their intention to implement a new series of checks, looking at tax records kept by those in business – ‘Business Records Checks’.
In this response we raise matters of particular importance to small and very small businesses, and vulnerable groups such as care and support employers.
While much of the subject‐matter of this Department for Work and Pensions’ call for evidence is beyond the scope of LITRG’s activity, we comment on it from the viewpoi
Our response to this consultation focuses on a single area – the ability to cash in small pension pots for a lump sum (a process known as ‘trivial commutation’).
Overall, the direction of travel on tax policy making is positive, for example with advance publication of draft Finance Bill clauses for external scrutiny and comment
Disability Living Allowance is to be reformed, to be replaced in due course by a new ‘Personal Independence Payment’.
LITRG has commented on draft Finance Bill clauses which will restrict the tax exemption for employer-supported childcare, including childcare vouchers.
There are some very dedicated officials working within HMRC.
In January 2011, LITRG submitted written evidence to the Treasury Committee’s Inquiry into the principles of tax policy.
LITRG welcomes the opportunity to contribute to the consultation of the Ministry of Justice on the reform of legal aid.