If you are self-employed, or perhaps part of a small partnership, 2020/21 may have been a tough time to have been trading due to the pandemic. If this applies to you, it might mean that you have a loss and not a profit from your self-employment when you prepare your 2020/21 tax return. In this artic...
From 4 April 2022, if you are renewing a taxi, private hire or scrap metal licence in England and Wales then you will need to complete a ‘tax check’ first. The rules are expected to be extended to Scotland and Northern Ireland from April 2023. This article explains ...
The trading allowance – or, as it is sometimes called, the hobby allowance – can be very useful for people earning small amounts of self-employment, casual or miscellaneous income, particularly if you have low expenses. However, it can be easy to make a mistake when working out how to use the tra...
Government to publish a roadmap setting out their direction of travel for reform of the tax system over the next 10 yearsThe Government’s response to HMRC’s earlier call for evidence gave some indication of what is in scope and what is out of scope as part of the reformsThe Low Incomes Tax Reform Gr...
The Low Incomes Tax Reform Group (LITRG) welcomes today’s publication of a cross departmental call for evidence on the umbrella company sector and hopes it will ultimately lead to an end to the problem of low-paid agency workers being paid through disguised remuneration....
The Low Incomes Tax Reform Group (LITRG) is warning taxpayers never to share their Government Gateway username and password details with anyone – including with companies that offer to make tax relief claims on their behalf. The warning is after LITRG learnt about taxpayers for whom seemingly inappr...