With only a few weeks until the 31 October 2024 deadline for submitting a paper self assessment tax return, HMRC have confirmed that they will accept tax returns that have been downloaded and printed from GOV.UK, provided they are correctly completed and signed. We have welcomed this news.
The Low Incomes Tax Reform Group (LITRG) has welcomed a decision by HMRC that will make it easier for taxpayers to file a paper tax return.
Because of the ‘Tipping Act’, which came into force on 1 October 2024, more workers may now receive tips or receive them in different ways. Here we remind you that tips are taxable income and point you to the guidance on our website that explains what this means for you.
Starting or returning to studying this autumn? Planning on earning some money to help fund your way through your course? It’s important to understand your tax. Working students are taxed in the same way as other employees. This means that if you get an employed job – for example working shifts ...
If you are a Scottish taxpayer with taxable income of more than £26,561 per year, and you are paying into a pension scheme, you may be able to claim extra tax relief on top of the tax relief you receive automatically. In this article, we explain the tax relief available for the two main types of ...
The Low Incomes Tax Reform Group (LITRG) is warning that the spectre of another ‘side hustle’ tax controversy looms as online platforms like eBay, Vinted and Deliveroo start sending reports to HMRC on the income of their sellers in January.