The trading allowance – or, as it is sometimes called, the hobby allowance – can be very useful for people earning small amounts of self-employment, casual or miscellaneous income, particularly if you have low expenses.However, it can be easy to make a mistake when working out how to use the ...
The Low Incomes Tax Reform Group (LITRG) welcomes today’s publication of a cross departmental call for evidence on the umbrella company sector and hopes it will ultimately lead to an end to the problem of low-paid agency workers being paid through disguised remuneration.
Government to publish a roadmap setting out their direction of travel for reform of the tax system over the next 10 yearsThe Government’s response to HMRC’s earlier call for evidence gave some indication of what is in scope and what is out of scope as part of the reformsThe Low Incomes Tax Reform ...
The Low Incomes Tax Reform Group (LITRG) is warning taxpayers never to share their Government Gateway username and password details with anyone – including with companies that offer to make tax relief claims on their behalf. The warning is after LITRG learnt about taxpayers for whom seemingly ...
UPDATE 16 November 2021: The GOV.UK guidance referred to in this press release has now been updated to reflect the correct position. Tax credit claimants who relied on the misleading guidance, and as a direct result of that reliance have ...
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 ...