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Child Trust Funds begin to mature from September 2020
Since 1 September 2020, individuals turning 18 have been able to access the first of 6.3 million Child Trust Fund accoun...
Draft Finance Bill: tax checks on licence renewals and amendments to HMRC’s civil information powers
LITRG has commented on two measures in the draft Finance Bill 2020‑21. Licence renewals
Raising standards in the tax advice market: responses to HMRC’s call for evidence
HMRC’s call for evidence on raising standards in the tax advice market closed on 28 August.
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Office of Tax Simplification capital gains tax review: call for evidence
The Office of Tax Simplification has launched a wide-ranging review of capital gains tax and the views and experiences o...
COVID-19: Help-to-Save scheme: an opportunity for clients who need to claim universal credit
The Help to Save account pays a tax-free bonus on the second and fourth anniversaries of the date the account was opened...
HMRC Powers and Safeguards Evaluation Forum
Back in July 2019, the financial secretary to the Treasury (FST) committed HMRC to undertaking an evaluation of the impl...
Help-to-Save scheme: are your clients missing out?
LITRG has been a member of HMRC’s Help-to-Save Stakeholder Forum throughout the pilot phase and the launch of the accoun...
Changes to private residence relief and ancillary reliefs: draft Finance Bill
ATT, CIOT and LITRG have all responded to the consultation on the draft clauses published in July in relation to governm...
Capital Gains Tax: Private Residence Relief: changes to the ancillary reliefs: consultation responses
From April 2020, the government wishes to reduce the final period exemption for PRR from 18 months to 9 months....
LITRG highlights how finance cost restrictions in computing rental profits can affect low-income taxpayers
The issue arises from the fact that the finance costs are disallowed in calculating an individual’s rental profits and r...