The Low Incomes Tax Reform Group (LITRG) has welcomed a consultation issued today by HMRC which aims to find ways to protect taxpayers from unacceptable behaviour by some Repayment Agents. However, LITRG is concerned that any action could take time to materialise, and taxpayers could lose out in ...
Whether you are a waiter or a taxi driver, if you get tips (even cash tips), you cannot just put them in your pocket or bank account and be done with it! Here we explain how tips are taxed and tell you how to stay on the right side of HMRC.
The Low Incomes Tax Reform Group (LITRG) is reminding millions of PAYE workers about changes to National Insurance thresholds on 6 July.Some universal credit workers may not see as much of the increase.LITRG is also encouraging small employers to check their payroll systems.The Low Incomes Tax ...
HMRC are sending determinations to people who they think have used loan schemes but have not yet filed their 2018/19 tax return containing the loan charge. A determination is an estimate of the tax due for a tax year, based on the information that is available to HMRC – this includes information ...
The current squeeze on people’s incomes might lead some people to consider drawing on savings. The Low Incomes Tax Reform Group (LITRG) is concerned that hasty decisions to take money out of pensions could lead to costly mistakes. The group urges people to exercise caution and seek help.
If you have recently arrived from Ukraine – welcome to the UK.You may be looking for work or have a job waiting for you. We know it can be daunting living and working in a new country, especially if this is your first time or you don’t speak English well.This article explains what guidance is ...