The LITRG is urging taxpayers who miss the Self-Assessment filing deadline on Tuesday (31 January) but who have a reasonable excuse for the delay, to appeal against penalties for late filing.https://www.litrg.org.uk/contact-us
To reduce taxpayer confusion, cut down costly errors and avoid embarrassing u-turns, the Government must change the way it makes tax and budget decisions, argues a new report. The current tax policy making process is not fit for purpose.
The Chartered Institute of Taxation (CIOT) has welcomed today’s (Saturday’s) report from the House of Commons Treasury Committee which calls for a delay in the implementation of the Government’s Making Tax Digital project and for more extensive piloting of the reforms.
The LITRG is urging tax credit claimants who have submitted estimates of their 2015/16 income to confirm or update their estimates by 31 January to ensure they have received and continue to receive the right amount of support.
The announcement in today’s Scottish draft budget that Scottish taxpayers will start paying the 40p higher rate of income tax at a lower point than taxpayers elsewhere in the UK will mean businesses across the UK will need to adjust their systems, the Chartered Institute of Taxation (CIOT) has warned.
Today’s Scottish draft budget highlights the tricky challenge of investing in public services while seeking to maintain a competitive tax base, the body representing the country’s tax professionals has said.
Tax campaigners have warned that the abolition of Class 2 National Insurance contributions from April 2018 (which the Government has now confirmed will go ahead) will result in the lowest earners among the self-employed potentially paying five times more than they do now to secure entitlement to a state retirement pension.