Latest news

Image of an arrow avoiding the word tax
Published on 23 September 2020
submissions

LITRG welcomes the opportunity to respond to HMRC’s call for evidence on tackling disguised remuneration tax avoidance.

Image of a calendar and notepad with the words furlough and redundancy written down
Published on 22 September 2020
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 post them anonymously as ‘question and answer’ news items.

Image of a piggy bank and a board with the words child trust funds written on it
Published on 22 September 2020
news

From this month, the first of 6.3 million Child Trust Fund accounts can be accessed. If you have turned 18 since 1 September 2020, you may have access to funds which have been locked away since you were born. LITRG has published new guidance on what you need to know.

Man working on a laptop at home
Published on 14 September 2020
news

For most people working at home over lockdown, there will have been no travelling expenses. But, what if you had to visit a client or attend a socially distanced meeting that you could not do from home? Or you had to go to your closed office to pick something up or deliver something?

Image of a note with the words tax gap on it
Published on 11 September 2020
submissions

We are regularly contacted by members of the public via our websites with questions about their tax affairs.

Image of a calendar with 30 September circled
Published on 10 September 2020
news

The loan charge is a tax charge that needs to be reported and paid by the 30 September 2020. If you worked through an umbrella company in the past, you may have been paid through arrangements that are caught by the loan charge – although you may not have realised this was the case.

Image of a sticky note saying file tax return
Published on 9 September 2020
news

Tax returns that are filed on paper, rather than online, normally need to be with HM Revenue & Customs (HMRC) by 31 October following the end of the tax year. This April, HMRC decided to encourage more people to file online by sending many paper-filers a Notice to complete a tax return (form SA316, or ‘notice to file’) rather than an actual tax return.

Image of HM Revenue & Customs building
Published on 8 September 2020
submissions

LITRG has commented on draft legislation which allows HMRC to issue a statutory information request to banks and other financial institutions without the approval of e

Image of a black cab taxi sign
Published on 8 September 2020
submissions

LITRG has commented on draft legislation which aims to ensure that taxi and private hire vehicle drivers (and their operators), and scrap metal dealers, are tax compli

Loan Charge Decision Day
Published on 4 September 2020
news

Given the current unprecedented jobs and income situation, it is likely that some people could now pay less loan charge by way of the three-year spreading provisions, because one of those three years will be 2020/21.