Latest news

Published on 13 April 2005
news

In our first article on childcare vouchers we indicated that employees who get help with their childcare costs through tax credits should be very careful before taking childcare vouchers from their employers. They could be a lot worse off.

Published on 12 April 2005
news

Until now, children could go to their grandparents to be looked after while their parents are working; and if grandparents have applied for approval as child carers, parents are able to claim help with child care costs through working tax credit.

Published on 11 April 2005
news

"No taxation without representation" was one of the battlecries from which our democratic structures have evolved. But it has been seriously undermined in 2005.

Published on 9 April 2005
news

Employer provided childcare vouchers which are free of tax and national insurance up to £50 per week are to be introduced from 6 April. Employers are being encouraged to provide them for their staff, but many people will be worse off if they take vouchers rather than a cash alternative.

Published on 8 April 2005
news

A major problem with the way the Revenue administer the tax credits system is how, in deciding whether or not to recover overpayments of tax credit, they act as judge and jury in their own cause. In particular, when an overpayment is due to Revenue error, and the Revenue still insist on recovering it, the claimant can experience a considerable sense of injustice.

Published on 5 April 2005
news

When pensioners first start to receive the State Retirement Pension (SRP) their tax affairs can go off the rails for the first time in their lives. Unfortunately, inadequate Inland Revenue or DWP processes and lack of guidance mean that this happens all too often. The results can be overpayments of tax, underpayments of benefits or unnecessary forms to complete.

Published on 31 March 2005
news

People carrying out ordinary family arrangements may in future have to pay income tax without actually receiving any income, under anti-avoidance legislation coming into force from 6 April. The new charge to income tax on'pre-owned assets' was conceived to counter sophisticated schemes set up to avoid inheritance tax.

Published on 31 March 2005
news

People carrying out ordinary family arrangements may in future have to pay income tax without actually receiving any income, under anti-avoidance legislation coming into force from 6 April. The new charge to income tax on'pre-owned assets' was conceived to counter sophisticated schemes set up to avoid inheritance tax.

Published on 30 March 2005
news

Robin Williamson -Technical Director of the Low Incomes Tax Reform Group offers a LITRG view of the Budget 2005. This article was originally published in Tax Journal on 04 April 2005 and it is reprinted here with the publishers' kind permission.

Published on 23 March 2005
news

Tax becomes payable on an income of around £91 per week if you are under 65 years of age. Various means-tested benefits administered by the Department for Work and Pensions (DWP) apply at those levels of income. Basically DWP should only assess someone's means after any tax they have paid on related income has been taken into account.