The Low Incomes Tax Reform Group (LITRG) welcomes today’s (Thursday) announcement from HMRC that they will not charge late-filing penalties for 2020/21 self-assessment tax returns filed online on or before 28 February 2022. HMRC have also announced that no late payment penalties will be charged for ...
Most CIS workers receive a tax refund (rebate) after they submit their Self Assessment tax return because they usually overpay towards their tax bill through CIS deductions at source. The 2020/21 tax year may be different because of the inclusion of the Self-Employment Income Support Scheme (SEISS) ...
The CJRS (furlough scheme) came to an end on 30 September. Whilst late claims or amendments can be made in exceptional circumstances, this is not the only thing to consider. For example, all employers, at the very least, will need to keep records supporting the grants they have claimed, in case HMRC...
A call for evidence on umbrella companies has been issued – with the aim of providing the government with a detailed and up-to-date view of how umbrella companies operate. Here we tell you how to have your say....
The Scottish Government has proposed the rates and thresholds for Scottish income tax that will apply to the non-savings and non-dividend income of Scottish taxpayers from 6 April 2022. We expect these to be approved by the Scottish Parliament in March 2022. ...
We are aware that some people are still receiving loan demands from certain companies asking them to repay loans which they have already settled the tax on or paid the loan charge to HMRC. We have been monitoring the situation since the publication of our original FAQs on this issue in May 2021. Her...