A better deal for the low-income taxpayer
The LITRG has published a paper ‘A better deal for the low-income taxpayer'.
The LITRG has published a paper ‘A better deal for the low-income taxpayer'.
The Low Incomes Tax Reform Group (LITRG) has welcomed HMRC’s decision to allow late loan charge spreading elections, but has warned of other barriers stopping people from meeting their loan charge obligations. HMRC must address these barriers to break the impasse, says LITRG.
30 September was the deadline by which those affected by the loan charge had to either agree a settlement with HMRC or report the loan charge on their tax return and pay the tax due (or arrange a payment plan). If you missed the deadline, all is not necessarily lost but you should seek help quickly.Last month, we issued a press release calling on HMRC to use their powers to treat certain people ...
LITRG has responded to the Office of Tax Simplification’s call for evidence for its review into Capital Gains Tax (CGT).
The Low Incomes Tax Reform Group (LITRG) is concerned to learn of several issues, including some originating from HMRC, that meant people who were trying to agree loan charge settlements were unable to meet the recent deadline. It has led the tax campaign group to urge HMRC to use their powers to help people who tried to agree settlements but fell at the final hurdle.
LITRG and CIOT submitted a joint response to this Welsh Government consultation, which looked at how legislative changes should be made to Welsh devolved taxes in certain circumstances. Essentially, the consultation concerned legislative amendments in relation to avoidance, evasion, international ...