Due to concerns over the nature and scale of R40 claims for PPI tax refunds being submitted by certain tax refund companies, HMRC will now require evidence before they progress a claim for a PPI tax refund. This is to ensure they are only processing claims that are correct and properly authorised by...
HMRC have published new guidance aimed at helping agencies that hand workers over to umbrella companies understand their legal responsibilities and keep their supply chain compliant. This good, clear guidance will also help workers better navigate through the world of umbrella working. Here we outli...
The Low Incomes Tax Reform Group (LITRG) has welcomed the main findings of the Public Accounts Committee’s review of HMRC’s progress with its Making Tax Digital (MTD) programme, as set out in its report published today, especially in relation to the impact on unrepresented taxpayers....
Whilst welcoming yesterday’s announcement that the national living wage will increase to £11.44, the Low Incomes Tax Reform Group (LITRG) are highlighting that some self-employed universal credit claimants may be negatively impacted by the rate increase - even though they are not entitled to it....
In yesterday’s Autumn Statement, Chancellor Jeremy Hunt announced that Class 2 National Insurance Contributions (NIC) – normally paid by self-employed individuals – would be ‘abolished’ from next April.1 However the Low Incomes Tax Reform Group (LITRG) notes that this change does not bene...
Whether you are starting a new business or are looking to develop an existing one, you may be considering setting up a limited company. Limited companies are cheap, easy to set up and may have certain benefits. But they can be difficult to run and expensive if things go wrong. You therefore need to ...