Press releases

 


LITRG is disappointed that the Office of Tax Simplification’s (OTS) 135-page review of the capital gains tax (CGT) regime and its recommendations fail to acknowledge fully how CGT affects unrepresented taxpayers – in particular, the role of the Annual Exempt Amount (AEA) in preventing inadvertent non-compliance by those unaware that they might have a CGT liability.

The Chartered Institute of Taxation has welcomed a report by the Office of Tax Simplification (OTS)1 - written at the Chancellor’s request and published today - that highlights flaws with capital gains tax.

The Chartered Institute of Taxation (CIOT) has welcomed today’s publication of a revised HMRC Charter setting out the tax authority’s customer service commitments. The CIOT is encouraging HMRC to actively promote the Charter to taxpayers and ensure its principles are embedded within the department’s day to day operations.

Leading tax adviser and commentator Heather Self and former cabinet minister David Gauke have been honoured for their outstanding contributions to the field of taxation by the Chartered Institute of Taxation (CIOT).

The Low Incomes Tax Reform Group (LITRG) suggests the Government looks to make the £500 Test and Trace support lump sum payments free from income tax. This will make them simple for people to understand and less expensive to administer. LITRG is also concerned that the current proposals mean people risk an unexpected tax debt.

The Low Incomes Tax Reform Group (LITRG) is concerned to learn of several issues, including some originating from HMRC, that meant people who were trying to agree loan charge settlements were unable to meet the recent deadline. It has led the tax campaign group to urge HMRC to use their powers to help people who tried to agree settlements but fell at the final hurdle.

The Low Incomes Tax Reform Group (LITRG) of the Chartered Institute of Taxation has backed a call to make the new self-isolation support payments free of income tax and said this should apply across the UK.

The Chartered Institute of Taxation (CIOT) has welcomed a call by the Public Accounts Committee for HMRC to assess whether the administrative burden that ‘Making Tax Digital’ is imposing on taxpayers is reasonable and affordable before proceeding with further national roll out of the project.

As the Government’s call for evidence on pensions tax relief administration1 closes this week, the Low Incomes Tax Reform Group (LITRG) urges swift action to end the injustice that an estimated 1.5 to 1.75 million2 people on low incomes (mostly women) are charged 25 per cent more for their pension contributions due to the way their employers’ pensions schemes operate.

The announcement that the UK Budget will be delayed until 2021 – with an expectation it will be in March – combined with the expected dissolution of the Scottish Parliament ahead of the elections in May next year, could leave MSPs with just a couple of weeks to agree on Scotland’s taxes for next year if last minute changes are needed.