Latest news

Partial surrenders of life policies ©Tadas_Zvinklys
Published on 12 September 2018
news

UK taxpayers must declare historic foreign income and gains to HM Revenue & Customs (HMRC), where there might be outstanding UK tax to pay, before 30 September 2018 – this is known as the Requirement to Correct. From 1 October 2018, new, significantly higher penalties will apply to UK taxpayers who have failed to pay all the UK tax due on their foreign income and gains.

Carer’s Allowance – can deductible employment expenses help you qualify?
Published on 12 September 2018
news

This week is Pension Awareness week (10 to 15 September 2018). It is easy to put off thinking about your pension but that could cost you a lot of money. Also pension scams are becoming more prevalent and you need to be vigilant to avoid these.

Published on 7 September 2018
news

Following yesterday’s announcement by the government that it has abandoned its plans to abolish Class 2 National Insurance contributions (NIC) for the self-employed, campaigners have said the whole area of National Insurance needs a comprehensive review.

Published on 5 September 2018
submissions

LITRG welcome the opportunity to provide input into this inquiry – we feel able to comment on the broad issues raised, given the importance of tax across the whole rea

Published on 4 September 2018
news

The Low Incomes Tax Reform Group (LITRG) is reminding people who work in the ‘gig economy’ that the 5 October self-assessment registration deadline is approaching fast. The advice is included in LITRG’s new tax factsheet for those working in the growing ‘gig economy’ sector.

Published on 3 September 2018
news

The LITRG is reminding students who have been working over the summer to make sure they have not overpaid tax and, if they have, to claim a refund from HMRC.

Published on 31 August 2018
submissions

LITRG has submitted comments to HM Revenue & Customs (HMRC) in respect of the draft clauses and schedules contained in Finance Bill 2018-19 that concern penalties

Pensions freedom – an increase in take up, post-Brexit? ©istock/stocknshares
Published on 31 August 2018
submissions

The LITRG welcomes the opportunity to continue our input into the Financial Conduct Authority's (FCA) work on the outcomes of the pensions freedom reforms and in parti

©istock/BrianAJackson
Published on 30 August 2018
submissions

LITRG has responded to the Government’s publication of the draft legislation which allows HMRC to raise assessments on matters involving offshore tax which are up to 1

Can-i-claim-working-tax-credit
Published on 24 August 2018
news

We regularly receive queries via our website. We do not give advice, but we try to signpost sources of further information and support. Some of the replies might be useful to others, so occasionally we will post them anonymously as ‘question and answer’ news items. We have received a question recently on whether any tax relief is available for the motoring costs of getting to work.