LITRG is an initiative of the Chartered Institute of Taxation, which is an educational charity. Since 1998, LITRG has been working to improve the policy and processes of the tax, and associated welfare systems, for the benefit of those who are least able to pay for professional advice.We are not ...
The tax credits system closed on 5 April 2025, so no tax credit awards will continue after that date. Most people will have been invited to claim either universal credit or pension credit. Some people may still need to finalise their 2024/25 tax credit claim after 6 April 2025 and this page ...
LITRG is calling on HMRC to consider using their powers to remove the requirement that those in the loan charge settlement process – who have not settled by 31 January 2020 – should have to file a tax return to report the charge, only to amend it to remove the charge once settlement is reached.
The loan charge review was originally expected to report in mid-November. Due to the general election on 12 December, the report will now be delivered to the new Government on its formation instead. It could therefore easily be January before any decisions are made. As a result, HMRC have published updated guidance announcing new obligations for many people in the settlement process.
Although an independent review of the loan charge is currently underway, you may still need to complete an ‘additional information’ form for HMRC by 11.59pm on 30 September 2019 (i.e. before 1 October 2019). We know that completing the additional information reporting form may be causing some ...
It has been confirmed that Sir Amyas Morse, the former head of the National Audit Office (NAO), will lead an independent review of the loan charge. A call for evidence has been issued – here we tell you what the loan charge review means and how to have your say.