Although the LITRG welcomes the opportunity for people to access pension funds for the purpose of paying for independent advice on retirement planning, we do not consider that the proposed £500 is anywhere near adequate to meet the probable fees of an independent financial adviser or other ...
LITRG has submitted comments to HMRC and HMT on draft legislation to simplify the income tax and National Insurance (NIC) treatment of termination payments. This follows an initial consultation in 2015, to which LITRG also responded. We thought that the proposals in the original 2015 consultation ...
The LITRG welcomes the opportunity to comment on the Financial Conduct Authority's proposals to strengthen the standards for Pension Wise advisers in the face of the inclusion of secondary annuity markets within their role, however we believe the proposed standards set an unachievable target ...
The Chartered Institute of Taxation and the LITRG have jointly responded to the local Government and Communities Committee call for evidence on the Council Tax (Substitution of Proportion) (Scotland) Order 2016. We note that the proposals to reform Council Tax aim to make the system ‘fairer’, but ...
Several district Councils in Devon recently consulted on changes to their Council Tax Reduction Schemes. One of the proposed changes is to introduce a Minimum Income Floor (MIF) for the self-employed in order to align with universal credit. This means that self-employed people will be expected to ...
LITRG has submitted comments to HMRC on draft guidance for the statutory exemption from income tax for trivial benefits in kind provided by employers to employees. The relevant legislation will take effect from 6 April 2016.