High income child benefit charge has not been uprated since its introduction and now catches basic rate taxpayersConcern that this benefit charge hits larger families hardestWorry about knock-on impact on National Insurance credits
The pandemic has seen the government, devolved administrations and local authorities making a huge range of payments to businesses, individuals and families. LITRG has published new guidance on the tax and National Insurance status of these payments.
The Low Incomes Tax Reform Group (LITRG) welcomes the Government’s announcement today that the roll out of the Making Tax Digital for Income Tax programme1 is delayed from 6 April 2023 until 6 April 2024.
In April 2021, HMRC made one-off payments of £500 to 1.4 million working households on tax credits. This was part of the Government’s response to the coronavirus pandemic. An extension to the scheme has now been announced, which means a small number of tax credit claimants who did not qualify for ...
Since May 2020 there have been five Self Employment Income Support Scheme (SEISS) grants which the self-employed and partners in business partnerships may have been eligible to claim. As the claim period for the fifth grant ends on 30 September 2021, this article rounds up some useful information ...
HMRC have advised LITRG that they are reviewing the penalty position of taxpayers to whom they issued protective assessments in March 2021 relating to offshore tax liabilities. HMRC will discuss the position with the taxpayer first, before sending the taxpayer a penalty explanation letter.