Campaigners set out proposals for a better deal for low-income taxpayers
Academy of Medical Sciences

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage,… Read more »

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Pay savings income without deducting tax, say campaigners

The Low Incomes Tax Reform Group (LITRG) has called for all savings income to be paid without deduction of tax at source2 when the new Personal Savings Allowance (PSA) is introduced next year. This would automatically give the correct tax due in the majority of cases, which would be welcome for both unrepresented taxpayers and HMRC, for whom it would reduce administration.