The Low Incomes Tax Reform Group has urged young people to use a free HMRC tool to check if they have a Child Trust Fund (CTF), following concerns that some firms could be charging hundreds of pounds to trace and help withdraw the value of the fund.
Since the umbrella company consultation closed in August 2023, we have written several articles for ContractorUK on the topic, which we summarise here.
As it’s a new tax year, some sole traders, partnerships or landlords may be tempted to throw away last tax year’s receipts. Business records can include documents such as bank statements, sales invoices and expense receipts. However, there is a legal requirement to keep these records to support the ...
The Low Incomes Tax Reform Group (LITRG) has issued an initial reaction to the National Audit Office’s report into HMRC’s customer service1.
We are delighted to have been shortlisted in the ‘outstanding contribution to taxation in 2023/24 by a not-for-profit organisation’ category at the prestigious annual Tolley’s Taxation Awards. This is especially fitting as LITRG celebrated its 25th anniversary in 2023.
The Low Incomes Tax Reform Group (LITRG) has responded to the government’s announcement that it will provide HMRC with £51 million in new funding to support its telephone helpline services1.