We understand that the Government wants to encourage small businesses to use the cash basis as this may help with quarterly reporting under the proposed Making Tax Digital for Businesses. However, we remain concerned that until there is full alignment between the cash basis used for reporting tax ...

The LITRG broadly welcomes the new capital expenditure rules as we consider they will be helpful for low-earners who may struggle to understand the current tax rules when applying the cash basis to new capital purchases. We consider these new rules will add some simplification while not introducing ...

LITRG have responded to the Commons Select Committee call for evidence on UK tax policy and in particular on their question ‘How big is the threat to the base for income tax and National Insurance from the changing patterns of working (for example increased levels of multi-jobbing ...

LITRG welcomes the opportunity to respond to the green paper on halving the disability employment gap. 

The LITRG strongly urges the government to think about savings for retirement coherently; under the current proposal those who save up in a Lifetime ISA rather than a pension could benefit from ‘tax relief’ until age 50 and then again if they were to access those funds at age 60 and put them into a ...

While the LITRG broadly welcomes simplification of the National Insurance process for the self-employed, we remain deeply concerned that those on the lowest incomes may find that funding voluntary Class 3 NIC is beyond their reach, causing them to require means-tested state support in the future ...