Key points
- The tax system is complicated and difficult to navigate for all taxpayers (it may be even more complex for those on lower incomes).
- Over the next six months we will be focusing on how we can guide those who are trading or obtaining work via online platforms to understand the ramifications of the new OECD reporting rules.
- Sometimes in trying to resolve one problem it is possible to create another: as with the examples of the state pension and the taxation of savings.
- LITRG’s other current concerns include HMRC’s planned piecemeal introduction of new late filing penalties and the roll-out of MTD.
The Low Incomes Tax Reform Group (LITRG) of the Chartered Institute of Taxation (CIOT) marked its 25th anniversary in 2023. And what a year it was with our dedicated team working extremely hard to deliver an upgraded website...
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