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Published on 7 April 2022

Scottish Government launches tax animation

Do you live in Scotland? Or have an interest in how the Scottish Government and Scottish taxes work? Then the Scottish Government’s new, short video may be for you. Find out below how to watch it.   ...

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Published on 4 April 2022

Take home pay – changes to look out for in the new tax year

At the start of each new tax year (from 6 April) there are changes to minimum wage rates, tax rates and other rates. If you are employed, these changes might affect your ‘take home pay’ or ‘net pay’ – that is the money that ends up in your bank account when you are paid by your employer. ...

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Published on 25 March 2022

Loan Charge – an update

The Loan Charge and Taxpayer Fairness All Party Parliamentary Group (APPG) has launched a call for evidence to establish the reality of the situation for all those impacted by the Loan Charge. Here we tell you about it and also what else is going on with the Loan Charge. ...

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Published on 25 March 2022

Penalty looms for unpaid Self Assessment tax bills

LITRG is warning taxpayers who have not yet paid or agreed a payment plan with HMRC for their 2020/21 Self Assessment tax liability that they only have a week left to avoid a penalty. If any of the 2020/21 liability remains outstanding on 2 April 2022, taxpayers will be charged a penalty of five per...

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Published on 23 March 2022

LITRG explains how HMRC taxes cryptoassets

Around 2.3 million people in the UK are thought to own cryptoassets. If you are one of them, make sure you consider if you need to report and pay tax to HMRC on your cryptoasset activities.   ...

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