Press releases

 


LITRG is urging people to complete their 2018/19 Self Assessment tax return online before 31 January 20201 or risk a fine from HMRC. HMRC charge an automatic penalty of £100 for tax returns that miss the 31 January deadline – and the penalties increase the longer you delay the submission of the tax return.2 LITRG is also highlighting that people who face the loan charge/or who are in the process of ‘settling’ their use of loan arrangements, are allowed to defer filing their returns until September 2020.

Responding to the Government’s announcement today (7 January) of a review of the proposed April 2020 changes to off-payroll working to address concerns from businesses and contractors about how they will be implemented, Colin Ben-Nathan, Chair of CIOT’s Employment Taxes Sub-committee, said:

Commenting on the tax implications for Scotland of an 11 March UK Budget date, Alexander Garden, chair of the Chartered Institute of Taxation’s Scottish Technical Committee, said:

Leading pensions and tax experts are calling on the Government to act quickly to deliver its manifesto promise1 to fix an unfair tax flaw. This flaw means around 1.7 million low-income workers (mostly women) are being unfairly charged 25 per cent more for their pensions as a result of the way their employer pension scheme operates.

LITRG is calling on the new Government to address the problems with the high income child benefit charge (HICBC). These are exacerbated by the fact that the threshold has remained static since it was introduced nearly seven years ago. We need to find a way to make this interaction of tax and benefits work better, says LITRG.

Leading tax organisations are asking for feedback from tax professionals and businesses about their experience of Making Tax Digital (MTD) for VAT, as well as thoughts on the future of the MTD programme. The CIOT and ATT are keen to gather feedback and influence the next steps for MTD.1

LITRG is calling on HMRC to consider using their powers to remove the requirement that those in the loan charge settlement process – who have not settled by 31 January 2020 – should have to file a tax return to report the charge, only to amend it to remove the charge once settlement is reached.

Scotland’s councils need clarity about how they will be expected to pay for the costs of implementing Scotland’s new tourist tax, the Chartered Institute of Taxation (CIOT) has said.

The Low Incomes Tax Reform Group (LITRG) has welcomed a commitment in the Conservative manifesto to ‘conduct a comprehensive review to look at how to fix’1 an injustice which means many low-income workers unfairly miss out on tax relief.

Tenants are being quizzed on the tax status of their landlords by HMRC.1 An HMRC fact finding letter goes on to suggest tenants may have to take tax off their own rental payments to ensure the correct tax is paid if their landlord is not resident in the UK and is not registered under the UK’s Non-resident Landlord Scheme (NRL) – or face a fine.2 The CIOT is urging any confused or concerned tenant not to ignore the letter and to seek advice if they need it.