Today the Government announced, in the Growth Plan 20221, that they intend to reduce the UK basic rate of income tax to 19% (from its current 20%) from April 2023. This is in addition to yesterday’s announcement that they will reduce national insurance contribution rates from 6 ...
CIOT and LITRG have submitted a joint response to the Scottish Government’s call for evidence. Our response focuses on the issue of improving understanding of block grant adjustments among stakeholders.
LITRG have responded to HMRC’s draft legislation on the low earners anomaly: pensions relief relating to net pay arrangements. While we are cautiously optimistic about the new rules, the draft legislation does give rise to various concerns.
LITRG have responded to HMRC’s consultation on raising standards in tax advice: protecting customers claiming tax repayments.
One option to help with the cost-of-living crisis is to try and increase your income by doing a bit of freelancing on top of your usual work. But with extra income comes tax considerations which can be easily overlooked.
The Chartered Institute of Taxation and Low Incomes Tax Reform Group are deeply saddened by the news of the death of Robin Williamson CTA (Fellow). Robin was an early LITRG volunteer, playing an instrumental role in setting up the charity Tax Help for Older People in 2001 after which he went on to become LITRG’s first Technical Director, serving in the role from 2003 to 2018. Before working ...