Scottish taxpayers are exposed to more complexity and potential confusion than ever before because of the introduction of new rates and bands of income tax from today, tax professionals have cautioned.
The Low Incomes Tax Reform Group (LITRG) is calling for more help for the low paid because of the increase in the cost of auto enrolment. This should include the Government both allowing those on the lowest pay to salary sacrifice and also finding a way to overcome the lack of tax relief for those in certain pension arrangements, says LITRG.
The results of a survey of members of the Chartered Institute of Taxation (CIOT) and the Association of Taxation Technicians (ATT) suggest that there is no clear consensus in the tax profession to reform the increasingly popular rent-a-room relief.
The Low Incomes Tax Reform Group (LITRG) is calling on couples to declare money held in joint accounts otherwise they might face penalties for non-disclosure, and has suggested to HMRC ways they can prevent people falling unwittingly into non-compliance in the first place.
The Low Incomes Tax Reform Group (LITRG) has welcomed the Government announcement during a House of Commons debate that the tax and National Insurance relief offered through childcare vouchers would remain available to new applicants for a further six months.