Press releases

The Low Incomes Tax Reform Group is reminding people that the online tax return filing deadline of 31 January 2019 is approaching fast. The advice is because HMRC found that almost half of 2016/17 tax returns were filed in the month of January.¹

The Low Incomes Tax Reform Group (LITRG) welcomes a government review of the effects of changes to the offshore time limit rules, to be completed by March 2019. The review also requires a comparison with other time limits, including the loan charge, but will not necessarily lead to any changes to the law relating to the loan charge and its application from 5 April 2019. This has led a concerned LITRG to continue to urge low-paid workers potentially affected by the charge to contact HMRC, saying it is important that they do not decline to come forward because of exaggerated expectations of what may come out of the review.¹

The Low Incomes Tax Reform Group (LITRG) is urging low-paid workers affected by the 2019 Loan Charge to consider contacting HMRC to settle, after statistics from the tax authority suggests a worrying lack of engagement and understanding of the Loan Charge among workers.

With just over 100 days to go before it becomes compulsory for most VAT registered businesses to keep digital records and file their VAT returns via software, the Low Incomes Tax Reform Group (LITRG) is very concerned that HMRC are yet to publish detailed guidance to explain when someone might be able to claim exemption from the new rules and how they should do this. This will leave some worrying unnecessarily as to how they are going to cope with the new regime and others with very little time to prepare if their application for an exemption is turned down unexpectedly.