The LITRG welcomes the opportunity to provide written evidence to this Inquiry into the Finance Bill draft clauses on digital reporting and record-keeping for businesses chargeable to income tax. While we believe that the proposed exemption threshold of £10,000 turnover is far too low and the ...

LITRG cautiously welcomes the introduction of these new rules, as the option to use a simplified accounting basis may be helpful to landlords with the introduction of Making Tax Digital, provided it is not too complex to understand, detailed guidance is available to assist unrepresented landlords ...

The LITRG welcomes the opportunity to respond to this Work and Pensions Committee inquiry. We remain hugely concerned about the current structure of Universal Credit for the self-employed. If major changes are not made to the rules there is a serious risk that those who are already self-employed ...

The LITRG believe that this Schedule, which introduces the biggest change to the tax system since self-assessment in the 1990s, ought to be expanded to include matters such as the procedure governing the making and withdrawing of elections, appeals, administration, what kinds of electronic ...

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 ...