Further to its inquiry into the Finance Bill 2021, the House of Lords Finance Bill Sub-Committee held a short follow-up inquiry into the loan charge to gather further evidence to assess progress on tackling issues with the loan charge, particularly since the publication of the review by ...

In our 2021 Budget representation, we repeat our calls for the government to raise the £50,000 threshold for the high income child benefit charge (HICBC) to at least £60,000. We argue that the £50,000 threshold is no longer tenable once it is set to be overtaken by the higher-rate threshold from 6 ...

We support the aim of this consultation in trying to achieve greater consistency in, and simplification of, individuals’ pension benefits statements but highlight that pensions planning cannot be undertaken without understanding the tax implications both during accumulation of savings and at ...

LITRG has submitted comments in response to a call for evidence issued by the Social Security Committee of the Scottish Parliament, which is examining the take-up of benefits and how this can be improved. Although we do not have empirical data to support our comments, based on queries to our ...

While the LITRG agree that providing additional support for parents by way of statutory neonatal leave and pay is positive, it has not been made clear in this consultation what the treatment of this income will be for both income tax and benefits purposes. If neonatal leave is to be taxable, then ...

The LITRG has responded to this consultation with some points for BEIS to consider, in terms of how the payment of compensation for cancelled shifts will work for national minimum wage (NMW), tax and benefit purposes.