For some time, LITRG have been raising concerns about certain tax refund companies with HMRC, around deeds or letters of assignment. Earlier this year we were contacted by several taxpayers who claimed refunds through one company – Tax Credits Limited (TCL). These taxpayers seemed unaware that a ...
Salary advance schemes have been with us for some years, with numerous companies now promoting them through all areas of the labour market. HMRC have now confirmed what LITRG have been concerned about – that they are not compliant with current tax law. HMRC plan to introduce changes to legislation ...
Whilst welcoming today’s announcement that benefits, including universal credit, will rise by 10.1% from April 2023, LITRG are highlighting that some self-employed universal credit claimants may not see the full value of the rise. This is because the artificial minimum income floor that is applied ...
Today’s announcement that the National Living Wage rate will increase by 9.7% from 1 April 2023 will be of benefit to some workers, but LITRG are concerned some employers may try to avoid these extra costs by turning to the ‘false self-employment’ of workers, the effects of which can be detrimental ...
It is not surprising if you are - there are a lot! If you are new to the UK or are new to working, here is a quick guide to the five main reference numbers you may come across, so that you can understand what they mean.
HMRC are issuing discovery assessments to people who they believe should have submitted a 2018/19 tax return containing the loan charge and who either did not include it, or did not include it fully. Here we answer some of the questions you may have if you have recently received such a ...