Latest news

Image with the word capital gains written on it
Published on 23 October 2020
submissions

LITRG has responded to the Office of Tax Simplification’s call for evidence for its review into Capital Gains Tax (CGT).

Illustration of two people pulling a block with the words interest rates on it
Published on 21 October 2020
news

If you are late paying your tax bill, HMRC usually charge you interest. There is talk in the media of the Bank of England possibly setting a ‘negative’ base interest rate. What does this mean for HMRC interest rates?

Illustration of a press release on a computer
Published on 20 October 2020
news

The Low Incomes Tax Reform Group (LITRG) suggests the Government looks to make the £500 Test and Trace support lump sum payments free from income tax. This will make them simple for people to understand and less expensive to administer. LITRG is also concerned that the current proposals mean people risk an unexpected tax debt.

Illustration of a speech bubble with LITRG / CIOT joint response written inside
Published on 19 October 2020
submissions

LITRG and CIOT submitted a joint response to this Welsh Government consultation, which looked at how legislative changes should be made to Welsh devolved taxes in cert

Illustration of a press release on a computer
Published on 19 October 2020
news

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
news

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.

Illustration of a hand holding up icons of people with the words social security underneath
Published on 15 October 2020
submissions

LITRG responded to an inquiry published by the Social Security Committee of the Scottish Parliament.

Image of a calendar showing 9 December
Published on 15 October 2020
news

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
news

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
news

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?