We are all on the lookout for a bargain when shopping online! But with the end of the Brexit transition period, from 1 January 2021, items bought from within the EU, may now be more expensive. As the government have taken the opportunity to change some other rules too, this may also apply to items b...
HMRC have advised LITRG that they are sending letters and issuing protective assessments over the next few weeks relating to offshore tax liabilities. HMRC often issue a protective assessment when they are close to a deadline beyond which they cannot formally ‘assess’ outstanding tax. If HMRC do not...
As we approach the introduction of the off-payroll working rules from 6 April 2021, this article summarises the support available from HMRC to help you prepare. Guidance is also available from LITRG if you are considering moving away from working through a limited company due to the new rules. ...
The March 2021 Budget set out a three-part plan with the aim of protecting jobs and livelihoods. The UK Government committed to continue doing whatever is necessary to support British people and businesses through the coronavirus pandemic. The Chancellor said that once the country is on the road to ...
The Low Incomes Tax Reform Group (LITRG) has welcomed changes to the Self-Employed Income Support Scheme (SEISS) announced today, which will finally provide support to the self-employed and partnerships who began trading during the 2019/20 tax year.1 The change comes into effect for the f...
The Low Incomes Tax Reform Group (LITRG) welcome the announcement of additional funds for HMRC’s compliance work in today’s Budget but point out that the two main areas earmarked for money – Job Retention Scheme fraud and the loan charge – contain intricacies that need specialist case handling....