From April 2024 some self-employed individuals (sole traders) and partnerships will be taxed on profits calculated over a different time period to their accounting year. This is because new ‘basis period reform’ rules are being introduced which mean all self-employment and partnership profits will ...
The Low Incomes Tax Reform Group (LITRG) are warning people on lower incomes of the potential risks when answering an advert to become a director of a company in exchange for a fee.
HMRC have recently announced that they will NOT be answering any telephone calls to their Self Assessment helpline (0300 200 3310) between 12 June and 3 September 2023. The helpline will re-open on 4 September this year so taxpayers will be able to speak to an adviser prior to the deadlines ...
A new report by the body tasked with investigating complaints against HMRC is further evidence that the tax authority is ill-equipped to deal with the pressures on its services.
The Low Incomes Tax Reform Group (LITRG) has reacted to proposals set out in a new consultation on umbrella companies, welcoming the strong options for tackling tax non-compliance which they say go a long way towards addressing their longstanding and serious worries about disguised remuneration.
The Low Incomes Tax Reform Group (LITRG) has reacted to the announcement that HMRC are to close their telephone self assessment helpline for three months from 12 June 20231.