Release: Immediate: Budget Day: Wednesday 27 October 2021The Low Incomes Tax Reform Group (LITRG) welcomes today’s announcements that the universal credit taper rate will be reduced to 55%, the universal credit work allowances will be increased by £500 a year and the national living wage will ...
Release: Immediate: Budget Day: Wednesday 27 October 2021The Low Incomes Tax Reform Group (LITRG) welcomes today’s announcement from the Government which ends the injustice that over a million low-income workers (mostly women) lose out on pensions tax ...
Starting a new job can be daunting, especially in sectors where pay, tax or benefits can be more complicated than usual. As well as having lots of helpful guidance on our website for people on ‘pure’ employment or self-employment scenarios, we also have help and support for people in specific jobs ...
The Chancellor set out the Autumn Budget and Spending Review with plans to ‘build back better’ over the rest of the Parliament. With public finances in a stronger position than expected, it focused on investing in public services, driving economic growth, leading the transition to net zero and ...
Release: Immediate: Wednesday 27 October 2021The Low Incomes Tax Reform Group (LITRG) is reminding taxpayers in Self Assessment who want to submit a paper tax return for 2020/21 that they have just a few days left before the 31 October deadline. Paper returns which reach HMRC after Sunday 31 ...
If you have a new source of income which you need to declare for tax purposes, you may need to notify HMRC by 5 October following the tax year in which the new source began. This is so that HMRC can issue you with a tax return for completion. Although you should try and meet the deadline, all is ...