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Since the umbrella company consultation closed in August 2023, we have written several articles for ContractorUK on the topic, which we summarise here.

As it’s a new tax year, some sole traders, partnerships or landlords may be tempted to throw away last tax year’s receipts. Business records can include documents such as bank statements, sales invoices and expense receipts. However, there is a legal requirement to keep these records to support the ...

The Low Incomes Tax Reform Group (LITRG) has issued an initial reaction to the National Audit Office’s report into HMRC’s customer service¹.

We are delighted to have been shortlisted in the ‘outstanding contribution to taxation in 2023/24 by a not-for-profit organisation’ category at the prestigious annual Tolley’s Taxation Awards. This is especially fitting as LITRG celebrated its 25^th anniversary in 2023. 

The Low Incomes Tax Reform Group (LITRG) has responded to the government’s announcement that it will provide HMRC with £51 million in new funding to support its telephone helpline services¹. 

If you miss the self assessment tax return deadline, HMRC will automatically send you a 'late filing penalty’ notice. Penalties start to increase the longer the tax return is outstanding. If you didn’t get your 2022/23 tax return submitted by 31 January 2024 and still have not sent it in, you ...