Updated on 21 February 2022
ISA Compliance and Penalties
LITRG has responded to HMRC’s call for evidence on Individual Savings Accounts: Compliance and Penalties.
Updated on 16 December 2021
House of Lords Committee – Basis Period Reform
In October 2021, LITRG submitted evidence to the House of Lords Economic Affairs Committee Finance Bill Inquiry.
Updated on 10 December 2021
Finance Bill representation: Normal minimum pension age
The normal minimum pension age is the earliest point at which most people can access their pensions without incurring an unauthorised payment tax charge. It is currently set at age 55 and this legislation will increase it to 57 with effect from 6 April 2028. There are exceptions for those who have ...
Updated on 23 November 2021
Draft Finance Bill 2021-22 – Abolition of Basis Periods
LITRG has commented on draft legislation removing the existing rules on basis periods.
Updated on 17 November 2021
Draft regulations: Tax conditionality for the hidden economy
LITRG has provided comment on the draft regulations for the new tax checks which are to apply in England and Wales from 4 April 2022 for certain licence holders, including taxi drivers and scrap metal dealers.
Updated on 27 October 2021
Tax policy and the Budget – a framework for tax
The CIOT and LITRG have submitted a joint response to the Scottish Government’s consultation: this sought views on the Scottish Government’s overall approach to tax policy, Scotland’s first Framework for Tax and how the Scottish Government should use its devolved and local tax powers as part of the ...