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Press release. A coloured image of a speakerphone, a paper press release and microphone.
Published on 6 April 2023

LITRG concerned about lack of awareness of capital gains tax allowance cut

The Low Incomes Tax Reform Group (LITRG) is concerned that today’s drastic reduction in the annual amount of capital gains which would be free from capital gains tax (CGT) may go unnoticed by some unrepresented taxpayers, which could lead to higher rates of non-compliance.1 With HMRC figu...

NEWS: Loan charge and section 222 charges. image of 2 people holding a piece of paper between them that says 'loan approved'
Published on 3 April 2023

Loan charge and section 222 charges

For some people affected by the loan charge, the law says that a further tax charge is due as well as the loan charge itself. HMRC have recently explained that in certain circumstances they won’t seek to collect this further tax charge. However, you may still receive correspondence from HMRC about i...

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