Latest news

Capital Gains Tax - Private Residence Relief
Published on 24 May 2019
submissions

LITRG has raised concerns to the government over the impact of its proposals to restrict private residence relief for capital gains tax from April 2020.

Published on 23 May 2019
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The Low Incomes Tax Reform Group (LITRG) has published a guide to help the self-employed understand the tax system better.

Making Tax Digital Support
Published on 23 May 2019
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HMRC say they are committed to ensuring everyone will have access to Making Tax Digital (MTD) services, including those with accessibility needs, however there are only a few fully accessible products currently available.

Self-employment guide
Published on 15 May 2019
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LITRG has published a detailed guide called ‘Self-employment – A LITRG guide’ to supplement existing material in the self-employment section. The guide provides more information for self-employed individuals and voluntary sector advisers who help the low-income self-employed. It also explains where to get further help.

Scottish income tax rates and thresholds confirmed for 2019/20
Published on 10 April 2019
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The Scottish parliament has confirmed the rates and thresholds for income tax that will apply to the non-savings and non-dividend income of Scottish taxpayers from 6 April 2019.

Welsh income tax begins
Published on 8 April 2019
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From 6 April 2019, income tax is partially devolved from the UK government to the Welsh government. Welsh income tax is not a separate tax. It is administered and collected by HM Revenue & Customs (HMRC) in the same way as UK income tax, as this article explains.

Published on 8 April 2019
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The Low Incomes Tax Reform Group (LITRG) is reminding couples that they have until this time next year (5 April 2020) to claim marriage allowance refunds dating back to the first tax year of the allowance, 2015/16.

information-pension-pay
Published on 5 April 2019
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There are 53 Fridays in the 2018/19 tax year, rather than 52. If you are paid on Friday 5th April and will earn more than £11,850 in 2018/19, then you are likely to encounter a ‘week 53’ issue.

A similar issue may also affect you if you are due to be paid your salary or pension on 6th April but will receive it on Friday 5th April instead because 6th April is a Saturday.

late-filing-penalties-SA-returns
Published on 3 April 2019
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HM Revenue & Customs (HMRC) had delayed issuing penalty notices to those who failed to file their Self Assessment (SA) tax return for the 2017/18 tax year by the usual online filing date of 31 January 2019. These penalty notices are now starting to be issued and should act as a prompt, if you have not yet filed that tax return, to file it now.

Published on 29 March 2019
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Following the release of a report from HM Treasury on time limits in the tax system, it is now virtually certain that the loan charge will come in, as planned, in a week’s time. If you are affected, and haven’t done so already, you need to urgently consider contacting HMRC about settlement.