Press release: Thousands of UK employees could face an unexpected tax bill this year due to a little-known quirk in the tax system, the Low Incomes Tax Reform Group (LITRG) has warned. https://lnkd.in/d_CwePFx
The Low Incomes Tax Reform Group (LITRG)
Public Policy
London, England 1,234 followers
Providing free, comprehensive information, guidance and support to taxpayers, tax credit claimants and their advisers
About us
The Low Incomes Tax Reform Group (LITRG) is an initiative of the Chartered Institute of Taxation (CIOT) to give a voice to the unrepresented. Our mission is to: ‘Target for help and information those least able in the community to afford to pay for advice and make a real difference to their understanding of the systems of taxation and related benefits whilst working to make them more equitable and accessible for their needs.’ Our home website (www.litrg.org.uk) contains useful guides, factsheets and information on all aspects of tax and tax credits affecting low income taxpayers and tax credit claimants, as well as reports and consultation responses submitted to the government on a wide range of tax issues. The LITRG has also set up three project websites dedicated to a specific area of tax or group of taxpayers: 1. www.revenuebenefits.org.uk – Set up in partnership with Rightsnet, this website provides advisers with access to information on a range of HMRC products including tax credits, child benefit information and the transition to universal credit. 2. www.taxguideforstudents.org.uk – A website dedicated to helping students and their advisers with their tax affairs. It provides simple, clear and impartial advice broken down into manageable chunks, with information on a range of topics including student loans, refunds and employment. 3. www.disabilitytaxguide.org.uk – A website aimed at providing resources and information for those in receipt of direct payments and as a result have to operate a payroll for their care workers or personal assistants. The LITRG is comprised of a dedicated team of Technical Officers and volunteers, including ex-HMRC officials, former partners of the Big-4 and senior heads of other charitable organisations. We are keen to hear from you if you feel you could contribute to the LITRG. More information can be found on our 'Becoming a volunteer' page – http://www.litrg.org.uk/about-us/becoming-volunteer.
- Website
- https://www.litrg.org.uk
External link for The Low Incomes Tax Reform Group (LITRG)
- Industry
- Public Policy
- Company size
- 11-50 employees
- Headquarters
- London, England
- Type
- Nonprofit
- Founded
- 1998
Locations
- Primary
Get directions
30 Monck Street
Westminster
London, England SW1P 2AP, GB
Employees at The Low Incomes Tax Reform Group (LITRG)
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Joanne Walker
Technical Officer at Low Incomes Tax Reform Group, CIOT
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Dr Sara Closs-Davies FCCA CTA
Senior Lecturer in Accounting and Taxation; Chartered Tax Adviser and Accountant
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Kelly Sizer
Senior Manager, LITRG at Chartered Institute of Taxation (CIOT)
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Liz Hughes
Senior Manager at HM Revenue & Customs
Updates
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News: From 6 April 2024, there are six rates and bands of Scottish income tax that apply to the non-savings and non-dividend income of Scottish taxpayers. We set out what this means for Scottish taxpayers. https://lnkd.in/eh-dj-jc
Scottish income tax for Scottish taxpayers in 2024/25
litrg.org.uk
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Time is running out to claim 2019/20 tax refunds. The general rule is that a tax refund cannot be claimed more than four years after the end of the relevant tax year. This means that if you are claiming a refund for the 2019/20 tax year, which ended on 5 April 2020, you must make your claim by 5 April 2024. Note that ‘by 5 April’ means HMRC need to receive your claim form by 5 April. https://lnkd.in/deeqhh6d
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News: There are 53 Thursdays and Fridays in the 2023/24 tax year, rather than 52. If you are weekly paid and will be paid on Thursday 4th or Friday 5th April, then you may encounter a ‘week 53’ issue which could impact your tax position. https://lnkd.in/dPE95U2w
Important information for employees being paid on the 4th or 5th of April 2024
litrg.org.uk
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LITRG Blog: The beginning of 2024 saw much confusion over how so-called ‘side hustles’ are taxed. This was prompted by the introduction of new reporting rules for online platforms, which mean HMRC will get information about online sales of goods and services from next year. https://lnkd.in/eYJMdZ6G
The side hustle tax challenge
litrg.org.uk
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Press release: The Chartered Institute of Taxation (CIOT) and its Low Incomes Tax Reform Group (LITRG) have welcomed today’s announcement by HMRC that they will be putting planned helpline closures on hold while they consider how best to help taxpayers harness online services. https://lnkd.in/gbj5QXeh
HMRC helplines - Institute welcomes halting of cuts
litrg.org.uk
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Press release: The Low Incomes Tax Reform Group (LITRG) has responded with disappointment to the announcement that HMRC are to permanently close their self assessment helpline for six months of the year and reduce access to the line at other times of the year. https://lnkd.in/e4vpZHN3
Self assessment phone line closure disappointing, but not unexpected
litrg.org.uk
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Press release: The Low Incomes Tax Reform Group (LITRG) has said today’s Budget decision to increase the high income child benefit charge threshold to £60,000 from April 2024 will bring the scope of the charge closer to the original policy intent, but has cautioned that the plan for the tax charge to be based on joint household incomes by April 2026 may be complex, costly and difficult to achieve. https://lnkd.in/d4-nbEaf
Household income assessment for child benefit charge: possibly fairer but far from simple, says LITRG
litrg.org.uk
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The Charter Stakeholder Group survey will close on 8th March 2024, this is your chance to have your say on how you think HMRC have performed. The survey can be found here: https://lnkd.in/ezEbKaZ2
Have your say on HMRC’s service
litrg.org.uk
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News: We often get asked questions about UTR (Unique Taxpayer Reference) numbers. There is a lot of misunderstanding about what a UTR is and what it isn’t. For example, did you know that having a UTR does not necessarily mean someone is self-employed? Read on to find out more about what a UTR does and doesn’t mean. https://lnkd.in/eqh-g8jb
What does having a UTR actually mean?
litrg.org.uk