Leading tax and accountancy professional bodies have come together to propose a series of actions ministers and officials should take if they are serious about delivering a simpler tax system.

The Low Incomes Tax Reform Group (LITRG) is concerned that today’s drastic reduction in the annual amount of capital gains which would be free from capital gains tax (CGT) may go unnoticed by some unrepresented taxpayers, which could lead to higher rates of non-compliance.¹ With HMRC ...

The Chartered Institute of Taxation’s Low Incomes Tax Reform Group (LITRG) has today published a new report to help HMRC improve the way it provides guidance to taxpayers. 

The Low Incomes Tax Reform Group (LITRG) has welcomed the confirmation in today’s Budget that it will render void assignments of income tax repayments with effect from today (15 March 2023)¹.The measure helps to address concerns raised by LITRG about the unacceptable behaviour of some ...

The Low Incomes Tax Reform Group (LITRG) has welcomed the announcement in today’s Budget¹ that the Money Purchase Annual Allowance (MPAA) will increase from £4,000 to £10,000 a year from 6 April 2023. But LITRG is warning savers that they still need to notify their pension providers if ...

The Low Incomes Tax Reform Group (LITRG) welcomes today’s announcement regarding the Help to Save savings scheme, extending it for 18 months.¹ The account is available to certain benefit claimants and pays a tax-free bonus of up to 50% of the amount saved. Eligible individuals may ...