Latest news

Published on 18 December 2018
news

With just over 100 days to go before it becomes compulsory for most VAT registered businesses to keep digital records and file their VAT returns via software, the Low Incomes Tax Reform Group (LITRG) is very concerned that HMRC are yet to publish detailed guidance to explain when someone might be able to claim exemption from the new rules and how they should do this.

Published on 17 December 2018
news

LITRG are reminding people who have earned a small amount of income through self-employment, casual work, the sharing economy or from any property they own (such as renting out a driveway), that they may not need to inform HMRC or pay any tax on that income because of two new allowances, the Trading and Income Allowance (known as the 'Trading Allowance') and the Property Income Allowance.

Published on 14 December 2018
news

With the introduction of ‘auto enrolment’, more and more people are saving towards a pension. Most – but not all – people get a government top up to their pension savings in the form of tax relief on their contributions. The way it is given differs depending on what kind of pension scheme you are in or whether you are in a salary sacrifice arrangement.

Published on 14 December 2018
news

You may have recently seen a picture circulating on social media that claims to be of a fake HMRC letter. The post states that the phone number provided is a premium rate number and that HMRC has confirmed that it is a scam. We have checked this directly with HMRC and it is not a scam – it is, in fact, an official HMRC letter, the contents of which should not be ignored. 

©istock/PeopleImages
Published on 13 December 2018
submissions

The LITRG comments on this Treasury Committee call for evidence in relation to the tax and related state benefits issues that might affect vulnerable or low-income tax

small-business-MTD
Published on 12 December 2018
submissions

LITRG has responded to the Office for Tax Simplification’s (OTS) second report on the Business Life Cycle, where we focus on the areas we consider affect small, unrepr

Universal Credit (Claims and Payments) (Scotland) Regulations 2017
Published on 11 December 2018
news

From 1 April 2018, certain tenants of non-residential or commercial leases in Scotland must submit a tax return – a lease review return – to Revenue Scotland, to ensure they have paid the correct amount of Land and Buildings Transaction Tax.

Published on 5 December 2018
news

The Low Incomes Tax Reform Group (LITRG) welcomes the publication of a major new report by the House of Lords Economic Affairs Committee on HMRC powers and taxpayer safeguards, which supports a number of recommendations made by the group in written and oral evidence to the Committee.

tax-calculator
Published on 3 December 2018
news

Calculators are tools that save people time and help them to be self-sufficient. It is important that you find an accurate and up-to-date calculator for your needs. We have compiled a list of financial, tax and benefit calculators out there.

Tax-Free Childcare to present complex array of choices
Published on 27 November 2018
news

There have been some changes in the world of childcare, which mean that what happens with childcare vouchers when you go on maternity leave is not at all clear. Here we try and explain the various different changes, to help give you a better idea of what to expect and what your options are.