If you disagree with a decision HMRC have made about your taxes – such as issuing a penalty – you usually have a legal right to ask a different person to review that decision. If you are unhappy with the outcome of that review, you can appeal to a Tribunal to ask a judge to consider your case. We ex...
The Low Incomes Tax Reform Group (LITRG) is reminding trustees that most trust arrangements need registering with HMRC’s Trust Registration Service (TRS) by 1 September 2022.1 LITRG is concerned that this could catch people out, especially as a trust can exist without those involved reali...
Tax credit awards last for a maximum of one tax year (6 April to following 5 April) so you must renew your claim each year to continue getting tax credits. The deadline for renewing tax credits was 31 July. If you did not renew by that date, HMRC will now stop your tax credit payments. If this has h...
If you are an employee and you spend your own money on things you need for your job, you might be able to get tax relief. We know the rules can be confusing and that the process for claiming the tax relief can be off-putting. But you can do it by following the seven steps below. ...
The cost-of-living crisis has seen an explosion of suggestions as to how to make some extra money to help make ends meet. But the tax consequences often get little or no mention! You must be on top of your taxes from the start so that you don’t accidentally miss an important deadline or make a mista...
Some employers are starting to pay or reimburse employee business mileage at more than the HMRC ‘approved’ amount because petrol and diesel prices are soaring. But the Low Incomes Tax Reform Group (LITRG) cautions employees that they may not see the full benefit....