The early clauses of the Bill re-impose income tax for the new tax year and specify the rates at which it is to be charged. In this briefing we try to set this in context from the perspective of a household on a low income who may also be subject to the National Minimum Wage and in receipt of tax credits and means-tested benefits, and we illustrate the complexity that can result from setting rates...
The LITRG comments on the Treasury Committee Inquiry into the 2017 Spring Budget and Finance Bill with particular reference to the measures affecting those on low incomes, judged against the principles of tax tax policy set by the Treasury Committee. ...
LITRG welcomes the opportunity to respond to this Scottish Government consultation on the Universal Credit (Claims and Payments) (Scotland) Regulations 2017. We think that both of these flexibilities are welcome and will be beneficial for claimants, however other organisations are far better placed ...
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 timetable far too short to enable the smallest businesses to prepare for implementation, we do support HMR...
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 an...
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 wil...