The Low Incomes Tax Reform Group (LITRG) is reminding Self Assessment taxpayers that the second payment on account for 2020/21 is due for payment by 31 July 2021 – and sets out how to make sure the payment on account amount is not excessive.
Recently, we have been contacted by people who are struggling to complete the Starter Checklist when they start work with a new employer. Here we look at some of the most common scenarios
The Low Incomes Tax Reform Group (LITRG) is disappointed at a lack of progress towards rectifying an inequality which sees an estimated 1.5 million or more low-income workers paying a 25 per cent penalty for their pension savings. This issue can cost those affected (three-quarters of whom are ...
On 30 June 2021, the Upper Tribunal decided that HMRC were wrong to use ‘discovery assessments’ to backdate collection of the high income child benefit charge. This article explains what this means for those affected.
The Low Incomes Tax Reform Group (LITRG) has responded1 to a major HMRC call for evidence on how the tax authority administers the tax system,2 in which LITRG broadly supports reform of the tax administration system. But the group cautions that, to build trust, HMRC will need ...
From late July, eligible self-employed individuals or partners in partnerships will be able to claim the fifth Self-Employment Income Support Scheme (SEISS) Grant.